Need somewhere to think out loud,

Method is calling the entries in the downtrend perfectly :)


Just got to avoid the initial trend changing melt down in future.


If I was still long I'd be -2.5K here area, that's just NUTS in no time at all!!



It can't happen again, next time maybe not so lucky
 
Well interesting day, chart attached is roughly where I got in on my nearly killed trade, then highlighting the positions I should of been taking.

I run 2 positions, so if I'm a tad to early I'll get a 2nd and won't worry about it too much.


SL would of been the other side of the 100ema the big white line.
 
The 5 lines on the left, the X was where I got out.


the ? is a trade I might not of taken.

It got to BE once before, hesisated and slipped away, I nearly closed for -30 and -40 area, as I feared a lower low, but it gave me a break.

100% LUCK!!
 
aquarian1 said:
so you sold 4 times on the way down and closed them all at the X?
More...


5 times and Yes!!

BAD TRADE!!! hence kicking my ass, need to not do that stuff, too damn risky, got away with it today, next time 3K loss EASY!!
 
Ok now I understand!!:)

doubling down can be dangerous but you survived this time

cat with 5 lives!

(five trades down - hence the 5.........:cool:
 
aquarian1 said:
Ok now I understand!!:)

doubling down can be dangerous but you survived this time

cat with 5 lives!

(five trades down - hence the 5.........:cool:
More...


3 made a profit, hence out +17 :) 2 lost but not that bad.

DAX and YM where both wild rides all day, 1 more break out of the range aswell to the upside that would cost me no doubt.
 
Haven't made the above screw up in 6months+ guess what, next trade UK100 broke down on me and did it again, holding on too tight and not wanting to take a loss or what!!


Think joining ET has lowered my IQ by 2 points, so I have an IQ of 1 currently.


Got out at BE first chance I had, well it was +10ticks but alas it slipped on me :(
 
Tired, don't want to waste a day, but don't want to put a dent in my pretty all time high account ( that might be the issue LOL ), so taking a day off.


Adapting to the stress's of nearly full time day trading, might take some adjustment!


Covered a weeks wages in only 1 1/2 days of poor trading so lets not stress myself out to much.
 
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