Tradersaavy's Discipline Journal

short YM 1/2 normal size at 10390

will look to add to short if we get a test to the upside that meets nice selling.

stop is above high of day.
 
have lost Esgignal so the add will not happen.


Reason for 1/2 lot was because the stop was twice the normal size.

Target will have to be 10173, the 15 point target as I can not see any other targets in the form of S/R due to esignal being out
 
NihabaAshi's comments yesterday about trailing stops and taking partials keeps ringing in my head.

I am not ready to implement this into the strategy yet, as my comments yesterday expained, but I would like to start logging these thoughts in this journal to learn.

COMMENTS on implementing THIS STRATEGY are welcome.
 
with this trade, if I were partialing and trailing a stop I suppose I could take partial at 10359 and move my stop to just under my entry.

Then look for all or more partial target at 10367.

These numbers are picked by them being swing highs on the 1m chart.

Currently, price is consolidating just under 10359 so perhaps 1st target could be the 10367 if it is stalling for a continuation higher.
 
Quote from tradersaavy:

with this trade, if I were partialing and trailing a stop I suppose I could take partial at 10359 and move my stop to just under my entry.

Then look for all or more partial target at 10367.

More...

This is exactly what I did.

I took 1/2 at 10359 and was stopped out
at 10350 on the rest.
Saw an opposite signal forming.
 
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