Main reason for journal was to interact with others and compare confluences, I will admit playing around in the beginning but didnt expect the criticism I received in the beginning pages, saying things like trading isnt for everyone, I didnt know where or why i took trades etc... probably, so I guess. Im ending this journal this time.
FYI-didnt want anyone to think I ended bc my success rate changed, bc this is what ya would think.
New traders follow what others have said and I said in my journal and I hope your path becomes easier
Happy Trading to all
@Jedi I agree dont show any charts,do your thing brother...trade on, remember my numbers from chat today
Post charts- @aligator (showing you what I did) @COTtrader I saw same as your am Spoo chart showed( possible breakout higher) i went long @43 after retest of Globex low-Vwap-PP my target was 1648 which was top of prior Rth VAH. we got to 47 then floated around I knew we might have a range day from my Pre charts, then pop on FOMC which it did. I was thinking higher made it take me out by breaking LL which it was fast i flipped short was looking for J-K period to take us to 35 it took us to 35.75 but then flew back up I flipped again Globex low and said Id had enough because I wasnt seeing the market the way i wanted went to lunch...Came back to see we rotated between 60-20% of current range to then breakout lower @Est 2:40ish one retest of Val/Y-Low then failed to lower S3 pivot
Hindsight I should have closed when i had profits/slight green day just didnt play out in my direction
Quote to remember " But after FOMC, best trades are in the opposite direction of the expected big swing after its over. by Fib Master
Edit after review, I missed my target @ 48 we got to 47.50(which 2 ticks is close enough) but i wasn't watching my ninja i was watching Sierra which plots lines from Tpo chart to vwap chart . Edit need to watch charts in Larger size-I use ninja for execution of trades Sierra is data only(mostly Tpo)
Last edited by Rad4633; June 19th, 2013 at 11:00 PM.
The following user says Thank You to Rad4633 for this post:
Pre 6/20 we dropped 40ish points in 24hrs off Fomc. ON has found prior support. Housing and Philly Fed Manuf # @ 10amEST, so I expect a rebound back up,unless bad then down Im playing this as range day till "if" breakout occur in one direction meaning establish HH or LL