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Couple of trade examples from today. Overall an outstanding trading day taking in over 275 total ticks profit. This puts me about 90% of the way to completing the first stage of the TST trading combine. I expect tomorrow to be choppy after a big move day like today but we won't know that for sure until tomorrow.
This isn't all of the trades just two from the NQ on the 500 tick chart. These were the best examples of how I should be trading. Fortunately today it was how I actually traded.
1. Trade like you did yesterday. No counter trend, no stupidity.
2. Focus on one instrument. NQ for the win.
3. Close in or finish stage 1 of TST Combine.
4. HAVE FUN! It's only as difficult as you let your mind make it.
Strong volume yesterday 500k+ Haven't seen that much since 7/27 when it dropped last time. Although the overnight doesn't show it, we may have more downward movement in store. We will see in a little while when the markets open in the U.S. The direction doesn't really matter to me, knowing the direction is important.
No trades today. One thing about looking at higher time frames is that you may not see a set up for that day. I am ok with that. No need to force a trade.
At first I thought it was just a fear of losing out on the gains from yesterday. I just went back over the movement today and it definitely was a no trade day. There was one higher risk trade that would have yielded some profits but I probably wouldn't have taken it even if I had a normal day yesterday. I have seen it fail too many times. Sometimes no trade is a winning trade.
Now for some prep work for Friday. I saw a pattern recently that may help get into a trade early (in the direction of the trend of course). Not sure if it is reliable yet. Should only take a few minutes to modify some code to help see how often it occurs and what the results would have been.
New pattern I found yesterday looks promising enough to put it into a strategy to allow for automated entries. That will be the weekend project. Shouldn't take long since I already have the core of the code written, just have to modify it for the new pattern. It would be nice to have when the markets are really moving since it can react faster than I can.
Volume is light again. Hopefully US session will liven things up a bit.
Another great day in the bag. Time to quit while I am ahead. Changed all the way up to the 2000 tick chart and MAN what a difference it makes. Things happen slower but moves are even more predictable. Here is a trade from earlier today. Should have taken the long after it but I was pretty much done for the day. Total of +96 ticks.
Decent day of trading. Slow start at first, not with price movement with me. LOL! I felt like I was stuck in a brain fog for the first few hours in front of the screen.
I only traded my account today. Wanted to focus on one thing and one thing only. I was green on the day by about 48 ticks. Missed several good opportunities due to brain fog. Once it cleared out trading went smoothly.
I will get back into the combine in the morning. I know at this point I will be going into a second month so I will have to pay the fee one more time. I am ok with that. If I would have traded the combine more I would be much further along. Didn't want to stress myself and set a lofty target of completing it within 15 trading days. Slow steady pace is best.
This puts me about 90% of the way to completing the first stage of the TST trading combine. I expect tomorrow to be choppy after a big move day like today but we won't know that for sure until tomorrow.
