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This is fine trading. I too have been trading for many years.
As a suggestion you might incorporate reversals into your decisions. Notice that typically there is buying power near bottoms that results in a reversal bar (open and close near bar high). I find that multiple reversals near the same price are good points to consider buying on that 2nd or 3rd reversal bar close with a stop just beyond the lowest low. This entry and stop level tends to be tight and effective. (and on high's for shorts, of course).
Yes thanks for your suggestions as you may have seen for now since february market has making very slow and shallow retracements (legs) //pick any instrument all have been in the same mood// i really like to stay away from small legs.
I really like big legs of at least 50 ticks need to retrace once i see exhaustion i really countertrade ..but in this environment i cant really show the real way i trade its been too tight were hoping market really starts volatility again
right now traders without discipline were crushed in pieces this february 1st market environment to date is for pros.
Just my opinion.
I really like people to comment on my thoughts as we really learn from each other ,gosh this is the best trading forum for traders interaction.
Yesterday loss was dum i let a good trade go bad today we just waited Janet finish her talking along with Mr Trump
market started trending better pullbacks have been more steady ,loved this day...
Looking at intraday chart look always for patterns that can give you clues as market is so slow after that drop
maybee they can head to vwap and continue dropping you never know .
Looking if market hits this all time high resistance and bounces.
//Didnt bounce of that big support nasdaq made all time highs as trump visited Boeing and has the eye in th super hornets
so the dow got too happy for that future order as Boeing is part of th DOW pulling the Nasdaq to the highs //
Didnt trade today as im feeling a little tired from this tremendous tough weeks .............
Will se you all on monday to check what the markets want to tell us ..
Thanks to all people supporting my journal GOD bless you all!
Good morning Traders
Got an early trade as market was on a pullback at VWAP and above 200 ema .
There's no excuse to short the market till now .........trade safe..
Today the market madea double top at the end touching the 100 % extension from prior swings
to the tick ,markets are not random i saw today that the emas were broken and saw an intent of shorting
but sellers were absorbed by buyers.
I will continue looking for longs as market hasnt really say the contrary no bearish volume yet.
