I saw the same things clearly today as most of you, but i couldn't execute the reversal from the failed rocket.
(the initial rocket was a failure using settings of 12k vol, 80/20 stoch, +/-.4 macd, 9:30 chart start time....i think that's all the settings)
ok so i washed out of the rocket with a .25 loss, and even reversed at 1193.75...but as i was sitting in the trade...irrational fears about 'what if it goes back up and breaks out' overrode objective reasoning which said ' you have a channel and the BO rocket failed...and now your volume is declining....what, you think you're going to get a BO NOW????'
lol, ok so i didn't THINK those words at the time, i should have...i probably would have stayed in the reversal trade and rode it close/near the left channel line.
as it was, the fear based response took me out at BE shortly after i entered.
so here's the short of what i put together as some points
what i know.
1. i can do washes pretty well, usually .25-.50 loss
2. I can SEE the reversals but can't act and stick to them
(reason being old mental block regarding issues of entry/exits/RvR biases etc....old EDGE type mentality)
3. what i see is, to make 4 points a day, i NEED to be able to reverse @ the failure of the rocket to BO
anyone have a solution? i was thinking paper trading till i can do the reversals and have built up the conscious and subconscious 'faith' in reversing...then go back to live with that faith/belief set.
(the initial rocket was a failure using settings of 12k vol, 80/20 stoch, +/-.4 macd, 9:30 chart start time....i think that's all the settings)
ok so i washed out of the rocket with a .25 loss, and even reversed at 1193.75...but as i was sitting in the trade...irrational fears about 'what if it goes back up and breaks out' overrode objective reasoning which said ' you have a channel and the BO rocket failed...and now your volume is declining....what, you think you're going to get a BO NOW????'
lol, ok so i didn't THINK those words at the time, i should have...i probably would have stayed in the reversal trade and rode it close/near the left channel line.
as it was, the fear based response took me out at BE shortly after i entered.
so here's the short of what i put together as some points
what i know.
1. i can do washes pretty well, usually .25-.50 loss
2. I can SEE the reversals but can't act and stick to them
(reason being old mental block regarding issues of entry/exits/RvR biases etc....old EDGE type mentality)
3. what i see is, to make 4 points a day, i NEED to be able to reverse @ the failure of the rocket to BO
anyone have a solution? i was thinking paper trading till i can do the reversals and have built up the conscious and subconscious 'faith' in reversing...then go back to live with that faith/belief set.
