Yeah, she likes divergence. That's the same as separation. It's also one of the entry setups from Nexgen. If you get divergence when price gets to your area that's a good sign of reversal. You should be careful with divergence because it can be broken in the strong trend or if price is not in the area of S/R. It works very well at double T/B.
Direction was clearly up, but besides my entries I think I've made two big mistakes. My first trade I had to move my stop to BE +1 and on my last trade I had to take 2 points when I saw that it's turning on me (specially when 1597 on the upper rail). Even with wrong direction I could be at BE. I had to watch market closer.
I don't know what happened today. I just feel a little bit hyper, so I couldn't wait for a better entries.
Here are my trades and summary:
I know why I didn't take two points from my last trade. I have to be honest with myself. When I thought about closing that trade at MB I thought " I got -2.6 I should wait for bigger profit for at least BE". That's a big problem. I have to treat every trade the way it's my first and the only trade. Close it if I have any doubt that it's not gonna work out. This is disadvantage of limited number of trades. I thought this is my last trade and I have to hold it as long as possible.
So many mental issues to overcome!!!
Here is my video:
The following user says Thank You to vovan348 for this post:
Per your video, like my video, I could hear your emotions. When you take a trade, forget about it (unless you are done for the day). I don't think it does the human spirit any good to dwell. haha...
Each trade is a new start like you said. Something I continue to have to overcome.
I laughed when I saw that 2 point gain and I knew it was going to come back up and get you out. I figure that would have been me too. You didn't do that bad today except a bit emotional which skewed your thinking.
You seem a bit tired too.
I got some much needed rest yesterday!
The following user says Thank You to bluemele for this post:
I took my 2+ profit and I knew that it's gonna go lower, but that's my daily goal and that's all I need.
I marked a few more trades on the chart and that's in my video. I feel like replaying and analyzing every MACD really helps.
2-3 points is my goal, not limit. I agree that it's good to get more profit some days to cover losses. At that trade I just didn't want to wait for another pull back to take me out and I had enough to reach my goal. That's what I meant. Another pull back from the 50% could take me out with BE +1.I want to get to the point when I get at least my goal almost every day and then raise the bar little by little.
I want to get to the point when I close the trade or just revers when I see entry in opposite direction. I cannot do it now because when I get in the trade I see things differently.
Yes, that is why I like to exit prior to my entry to go in the opposite direction. It takes I think more mental capacity to consider your existing profit and then also consider the next entry and believe both are the best you could be doing.
Consistency is important mentally for sure.
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