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I'd do it classic: go long above the resistance, and put your stop to the low of the curve, to let it move. If it turns back, of course. I wouldn't short it, looks desperate for a correction.
It has been a red day. I am feel sorry specially because of the last trade. I was trying to get out from it but I didn't have the gots just to close it, and accept the loss. I am trying to think what have been go wrong, to mistreated the whole day, and the only thing what I can think on is to overthink the day.
Prepare the bigger moves, and not accept that sometimes it is not happening. Sometimes the market is simple, and that's why I have simple rules, to play out right the simple. I did not. I paid my price. I would/could say that I am sorry, but I am not. I am checking over and over again, I am checking other indexes, like NQ, and it was down. It was reasonable to play the short, what was not reasonable to go with a STOP big like that.
But once again the whole day was mistreated, because of the fact to follow up trades. First because of the news was coming, than the top was not noticeable at least for me. There was some levels, but I thought it will be a retest only. It was not.... than drop, play the pop up, which not happened...
I have to accept this loss, and focus on monday. I am not in the mood to write the report for the week, but I will don't afraid. I am in green (+200USD or what...) Which is not a huge winner in 6 days, but managed to stick with the rules, and don't hit any major rules, which is important for the future.
If you would like to cheer me up help me with the chart from the prevues posts...
Be careful with fridays. One rule that you could adopt is that if you're marginally profitable for the week then maybe just avoid trading friday's all together. Otherwise, you get into the trap of trying to make up on the last day of the week. Personally, if I'm not where I want to be, profitwise, by end of day Thursday, I just take Friday off.
Mate, think about your winning days percentage. I mean, come on, it is your first red day, isn't it? You showed consistency before, you'll show some more consistent winning. Just stick to your rules.
I noted one thing on myself: if I treat the winnings as my money, the inevitable losing is much harder. I try not to count the tokens while at the table, I do it only at the cashiers - end of month what counts. And with your consistency, end of month will be green.
I made a scratch trade. But I got out, because of if I am done I am done rule. It was good to fight with my ego, it is good to learn some hard days. @daddy has right. Based on the P&L it is more than good, based on my past performance it is not so good, but he this is real money now
Anyhow, just to cheer up you guys, to do not get sad, for the weekend! So the chart was my weight diagram. Thank you for the participation all 2 great member of this site. The question is that could I go further down and keep myself there, maybe reach the dreamy 90kg, or I will turn back, and go faty daddy again? Keep you posted about this as well. But What I wanted to highlight here, how the numbers are works. 100 is a rounded number, but because I am doing a weight test regulary I am always keen to keep my weight below that So there was some consolidation area after a huge loss, and hope it is coming more, even the winter is not good for running and lose weight
This is true, and being successful traders we will not care as we will have so many new friends from Big Mike's Trading and the other people we talk trading with.
Both weight and body fat look good
Okay you want to keep weight off, maybe you are using the wrong measure.
It sounds as if you are in fairly good shape, so maybe just the % body fat or waist line measure would work best.
Make sure to keep your water and fiber intake up to keep your system flushed out.
Also I think we all put on weight when we have young kids. The kids take over our lives and our routine goes out the window.
Another thing that helps to keep your weight down is to eat your big meal for breakfast, a smaller meal for lunch and snack for dinner.
Hope this helps.
Oh by the way your weight chart reminds me a bit of what I also have found about losing or gaining weight. It seems like there are plateaus we hit where nothing we do will make our weight go past that plateau, just like resistance on a stock chart. Then when we break through the plateau very little is required to get to the next plateau. If we are gaining after second plateau we are in trouble. If we are losing weight, after the second plateau we really should think about not losing so much weight that we end up in a pine box.
So, according to my setup, my trade review:
"go long above the resistance" - you should stay below 100, otherwise you might can't stop gaining some more,
"if it turns back, of course" - the consolidation is possible and sustainable,
"I wouldn't short it, looks desperate for a correction" - you'll never be the next Twiggy, but with enough willpower you can approach your dream weight.
Here is my report, what I have been posting over and over again. Daily routines checked:
(running, lumosity, meditation etc...)
(we have a new low in my weight, I will post a graph next week about that as well 97.2! is it a false breakout or not? we will see)
There is the TST report and some comment:
Not good and not bad at all. Speaking of frankly, It is what it is. I was checking the price move all friday nights, with a wine in my hand. I was playing with a thought to get in now get in now, but Never hit the button. I was patient, I had seen a lots of good opportunity passad on, I was expecting a big moves, but Friday ended up with a DOJI day. I felt some sorry, to didnt played out my easy strategy very well on a doji day, but on the otherhad I felt proudness to didnt jump in foulish positions just to justify my original idea about a trend down move.
So I did some reasearch over the weekend, I will do more. It is more about a SL management, and expected movements. Not a big deal, but a good sign when to give up a position. It could be superhelpful, not lifechanger, no holy grail, just an expectency what should the market do to justify my call.
So the week report:
- Monday was great
- Tuesday was skipped because of the veterand day
- Wendesday was good, not great because of the stop management. It would have been better
- Thursday was bad. Didnt played my strategy, paid my price
- Friday was very bad, but I have ensured my mind is oke to make good calls
Also my daily routin is in the right place. I went for jogging today too, so no need to worry about next week. See you soon!
