Question for Grob/Hershey...

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Heres another important point. The reason I posted the illustration about assessing r/r is to keep you out of situations like this. You had a small pullback from the lod and a break of the trendline but look at the spread. 50/50. You need better odds and a better pullback.
 

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See your point, just watching now, was waiting for ym to reach resistence wich once again happen at the same time as es hit right channel line, gotta have something to do with the pulses, ebb and flow, or I´m just seeing something that doesn´t exist...
 
Quote from easyrider:

Nothing wrong with the last pullback. Just didnt work out. You cannot win them all.
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Wasn´t the force that drove price down prior to this pullback the gap, and when the gap is filled, there is a higher prob. for a reversal or at least indecision, since there is less motivated sellers, making this pullback riskier than the earlier ones. Is there some logic to my thinking here?
 
Your thinking is reasonable and since the market is in an uptrend short term it was a bit risky but see my pm as I do not want to take the thread any further offtrack than I already have.
 
Last week after I first posted my trades it helped me to be more conscious over the following days of targeting beginner trades. I seem to have lost that mindset over the weekend and did not trade well today. I did a lot of experimenting... my approach to almost every trade was different, mixing up order types, entering/exiting earlier/later in a move, etc.

On the positive side I am seeing the formations develop and generally anticipating changes before they happen. Channels are working.

On the other hand my execution is generally mediocre. This includes trade selection, entry/exit timing, and monitoring properly while in a trade. Sometimes I think I would do better to enter a trade and then leave the room for a few minutes.


Net -1.0
 

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