That's what I thought, I have to stick with one thing and try to get good with it. I spent about 10 hours every day testing other things and my head is about to explode. All indicators work if you know how to use it, but you need some time to make it work for you. So no matter what you are using you can make it work.
The only thing I wanna keep for now on my 144 is OBV for extra conformation, but it can cause some confusion also.
I think the most important is to get better with MACDs and try to see patterns.
Tomorrow I will get back to NFT setup!!!
The following user says Thank You to vovan348 for this post:
It didn't wanna move for the first 50 minutes. I took 4 trades and still -3 ticks. I thought to wait for the price to break out of the channel when I opened my charts, then I got in anyway. I wish I would stay out and didn't take first two trades.
The last trade was really nice and it did hit my profit target and even moved higher. I got out too early with 5 ticks. I saw pretty clear bull flag at 377, but just the way market was moving before I wasn't sure if it's gonna move any higher.
Here is the video:
I did take OBV off.
I totally agree that price action is the most important in trading. I just wanted to make it more simple. I tried another method of trading fibs without any other indicators. After few days of testing it worked very well. I think it was 1. +550 2. -100 3.+800 4.-60. But then one day testing it at replay I got -500 after first 3 trades because stops are bigger and I think that's not the one I wanna use. The strategy is trend following and works great in the trend, but using in the conditions like this early morning would chop you in a peaces.
The following 2 users say Thank You to vovan348 for this post:
I can't believe you were going long! Nice! Just missed the pivot that would have kept you in. I couldn't find a good pivot w/ a small stop, so I didn't go long. What a run up we are having without retraces.
Tough day for us all I think unless you had big stops.
Something is up w/ the market. Conditions have changed... I feel something coming.
The following user says Thank You to bluemele for this post:
I just cannot control myself in sideways market. I couldn't see sideways before and I thought that if I can see it at early stage I could void some losing trades.
Oh well. Now I can see it but I still take trades one after another one.
Another thing, was poor management. Even with those two winning trades I could stay in green if I managed them better.
I hope I will learn how to control myself sooner or later. Better sooner.