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Checked the pattern I saw on the 500 tick chart. It works well right now but only marginally well in the past. Probably won't use it.
Waiting for a trade opportunity. I didn't have a chance to work on fixing the code for the strategy so that will have to wait probably until the weekend.
Went ahead and stepped up my membership here to elite status. I like supporting sites like this that are there to help others.
I did NOT take a single trade all day. I have been letting myself get distracted and missing opportunities right and left. So, this afternoon I decided to get naked...... Now wipe that image from your mind. LOL! I switched off every indicator on my charts and just watched price movement. Oh yeah, that kind of naked.
Now, what did I see or at least think I saw. The human mind will attempt to filter out anything painful (such as a losing trade) by trying to find ways to reduce the number of times we experience that pain. In doing so we start to add indicator after indicator trying to "filter out" the noise. By doing this, we complicate the process of trading far beyond what it should be.
You can say that today was an eye opener for me. I suggest that if you are struggling with your trading then you should switch off every indicator you have on your charts and focus on nothing but price movement. Notice what happens just prior to changes in direction, notice the time of day it happens, etc.
The one thing I have notice since starting to trade Futures just a few weeks ago is that it doesn't take much movement to make a good living. I think too many people get hung up on trying to be the first trillionaire trader that they miss out on the process they must go through to be a good trader. Fear of loss is what causes most traders to make poor decisions. Either fear of a losing trade or fear of missing the trade. And, in some ways, fear of posting that losing trade to an open forum for all to see and critique.
For me to be successful at trading Futures I have to adapt to a different type of trading. That adaptation will be tested starting tomorrow morning.
Instead of just posting results, I will be posting each trade with screenshots, before, during and after. Instead of trying to jump in at the exact right moment, I will be using pending orders. I will wait for the market to come to me instead of me going to the market.
Wow! Massive sell off late yesterday and into the night. Must have been the news about the tariffs. It will be interesting to see how it impacts today's trading. Wonder what Europe will do with it once they open?
stop triggered. Only made +65 on that trade. It turned back really quickly. Looks like I may have been too quick to move the stop but this is a new way of trading for me so there will be a bit of a learning curve when it comes to stops.
edit: Yup, waaaaayyyy too aggressive. LOL! Lesson learned.
