Need somewhere to think out loud,
- Thread starter Turveyd
- Start date
Up spike, watch it reverse, my SL's at 62 filled at 67 all 3 of them, costing me $200 more than planned.
Loads of chances, to bail and get back on the trend, my fault, was hoping for 1 good spike down to make a few $$$'s, is that so hard, well obviously.
-$500 on the day, eccckkks
Greed / Carried away, happens at times, back to the plan!!
Loads of chances, to bail and get back on the trend, my fault, was hoping for 1 good spike down to make a few $$$'s, is that so hard, well obviously.
-$500 on the day, eccckkks
Greed / Carried away, happens at times, back to the plan!!
Ironic the only bit of trend all day, is the perfect bit I'm on the wrong side off! LOL
Too much faith stupidly in the 42 ( it's the meaning of life ) which was questionable anyway, I thought it would sell off, which it did, it just changed it's mind again and I didn't, US30 sold off giving false hope, 95% of the time those 2 follow each other, not this time.
But Live and Learn and Forget sadly
Day off trading tomorrow, clear head, work back it Thursday maybe, Friday!
Too much faith stupidly in the 42 ( it's the meaning of life ) which was questionable anyway, I thought it would sell off, which it did, it just changed it's mind again and I didn't, US30 sold off giving false hope, 95% of the time those 2 follow each other, not this time.
But Live and Learn and Forget sadly
Day off trading tomorrow, clear head, work
back it Thursday maybe, Friday!Up spike, watch it reverse, my SL's at 62 filled at 67 all 3 of them, costing me $200 more than planned.
Loads of chances, to bail and get back on the trend, my fault, was hoping for 1 good spike down to make a few $$$'s, is that so hard, well obviously.
-$500 on the day, eccckkks
Greed / Carried away, happens at times, back to the plan!!
Nice action today ( wasn't around go figure )
2 early turns from the 100sma, call it 15 each
The break above the 100sma sustained as a jump on for 30pts say.
Next turn up was worth 10pips.
You could play the failure on the 16's range down for 10 or so.
Range back up for 10 or so
Wibble for 1 1/2 hours ish, then a break above 9500
Pull back and retest 9500 for a long for 15+ pts
9520 wall of sellers
down move down the 16 nice.
Nice reversal from the 100
Very nice action.
2 early turns from the 100sma, call it 15 each
The break above the 100sma sustained as a jump on for 30pts say.
Next turn up was worth 10pips.
You could play the failure on the 16's range down for 10 or so.
Range back up for 10 or so
Wibble for 1 1/2 hours ish, then a break above 9500
Pull back and retest 9500 for a long for 15+ pts
9520 wall of sellers
down move down the 16 nice.
Nice reversal from the 100
Very nice action.
Tweaks
The loved 5 H & L is going, it's nice but there are better.
So 8sma + 8sma envelope 0.04% better and more entries, if the 16 is going down then top of the 8 envelope is good odds on reversing and going down I'm seeing,#
Enough MoMo to break out of the 8's range, gives very good odds on direction change, so fast exit ofcourse, can't be helped / predicted.
Moving away slightly from 100% HA turns, sometimes just got to jump on the momentum on a pull back, by the time HA's turned I don't want it in short.
HA's great for big moves, but not in and out all day long more scalpy trades.
That losing trade, which cost me BIG time, current setup I wouldn't of taken it in a million years and every chance it gave me to get out, was the low of the 8's envelope.
Back on it tomorrow, early start maybe LOL Friday's work
The loved 5 H & L is going, it's nice but there are better.
So 8sma + 8sma envelope 0.04% better and more entries, if the 16 is going down then top of the 8 envelope is good odds on reversing and going down I'm seeing,#
Enough MoMo to break out of the 8's range, gives very good odds on direction change, so fast exit ofcourse, can't be helped / predicted.
Moving away slightly from 100% HA turns, sometimes just got to jump on the momentum on a pull back, by the time HA's turned I don't want it in short.
HA's great for big moves, but not in and out all day long more scalpy trades.
That losing trade, which cost me BIG time, current setup I wouldn't of taken it in a million years and every chance it gave me to get out, was the low of the 8's envelope.
Back on it tomorrow, early start maybe LOL Friday's work