I waited for its breaking through 591.00 before entering @590.90. You can tell the Inside Bar set up (15 minutes) was triggered a little earlier than the main set up. I was not sure if it's going to work out (else I would have placed a live trade). Why?
1. Seemed to me quite undecided on the 30-minute Chart
2. DM- thin red line just touched 25
Glad that it's another Green. 10 ticks for the record.
Initial Balance: 594.30 - 586.70 (7.60 points) Value Area as at 10:45 am: 592.90 - 590.50 - 588.10 (4.80 points)
Price opened @590.10
Today's High and Low as at 10:45 am: 594.30 - 586.70 (matching IB)
VPOCs: Top 597.70 and Bottom ? Overnight High and Low: 598.80 and 588.20
Both buyers and sellers are struggling to take control. Notice the long tails on both ends! Only take High Probability Trades!
Do you believe in dreams? I dreamed about taking 3 trades and tried very hard to be back to the Green Zone. That's exactly what happened this morning. My petite fingers (incl my stuffy head occasionally) have been extremely occupied so that I would be back to B/E (before commission).
1st Trade: Valid signal. Just that it did not go far enough to reach my PT. I chose to exit with -2 ticks.
Note: A trading friend told me she seldom moves her SL. Instead, she has been moving her PT if she wants to get out of the trade. I thought about this idea for some time. Certainly it's better to get out voluntarily than having the revised SL got hit.
2nd Trade: I was late to the party and chased! Human mistake (me) here!
3rd Trade: The best one this morning. To B/E, I need 13 and not the usual PT 10. Since all indicators aligned with my short, I adjusted the PT to 13 LOL! Target hit! Smile.
Official result B/E before commission (3 1-contract trades) for the record.
Morning 9:45 am to 12:00 noon (Occasionally I may consider pre-market trades when the signal is really appealing)
Afternoon 1:45 pm to 3:30 pm (excl 2:30 pm to 3:00 pm Bond Closing - I usually start looking for a great signal around 2:45 pm)
2) My favorite trading time:
Morning 9:45 am to 10:30 am (I will close for the day IF I get 1-2 profitable trades)
Afternoon: 1:45 pm to 2:15 pm and 2:45 pm to 3:15 pm
1. SOH (15 minutes before and after) when there're high-priority news.
2. Afternoon session is optional when my daily goal or maximum No of trades is met.
Initial Balance: 611.40 - 604.90 (6.5 points) Value Area as at 10:45 am: 610.40 - 608.20 - 606.80 (3.60 points)
Price opened @606.10
Today's High and Low as at 10:45 am: 611.40 - 604.90 (matching IB)
VPOCs: Top 646.60 (607.60 was touched) and Bottom 593.80 Overnight High and Low: 609.30 and 602.30
IMHO, it does not know what it wants .. quite undecided if you ask me.