thank you for posting your trades, you are real tiger not giving up the fight! your entries are quite similiar as mine, but I use different settings for charts and I see, that we had same problems yesterday. I have come through your journal and it is very interesting, it is obvious, that you chose modest approach for this year, but you are on good way to catch the rhythm of market.
Thanks for this post , it is good to know that I am not alone in this circle .
The following user says Thank You to Robertczeko for this post:
CL Trade #1
I watched the ledge build on the 5 min chart. The last 2 bars (05:00 and 5:05) were nice and small. However, I'm trying to only trading pullbacks for the moment. After the 05:10 surge bar I looked to enter long. Entered off the 1 min chart, but was stopped out BE+1.
Didn't take all my setups and managed to cherry pick the bad ones. Second guessed myself on the best move of the day. I felt the EMA was too flat, and there was a double bottom only 10 ticks away at 104.81 that held the 07:40 bar support. Dumb.
CL Trade #1 Lots of overlapping bars, so I stayed away. After the oil report, CL made a failed push higher and I tried to get in on a 1 min chart. Very nice entry, but stopped out at the very high of the first red candle. Even moved my stop above the entry candle, but not high enough. -11 ticks.
After I was stopped out, I started to record the trade in my journal. The bar that stopped me out was a perfect short entry for 30 ticks. Didn't see it until too late, although I'm not sure I'm resilient enough to get back in after a stop out.
The 08:33 and 08:34 bars were great setups, but the 5 min chart was bouncing off that LOD and the 07:40 bar support. I was looking for a nice small bar to stall under the 5 min EMA to go short. Didn't get it - price fell hard.
CL Trade #2
After the new LOD, got a push back up to the EMA on the 5 min chart. The 09:15 bar was a little doji at the EMA. When short under that. Was looking for a break of the 09:10 bar low. Didn't get it, so moved to BE+1 but got a tick of slip. 0 ticks.
6E Trade #1
Didn't manage this well at all. Missed several trades this morning because I didn't think they were valid pullbacks. The market was not moving very well. All the ones I passed on were at least scratches. The one I did take was a stop out. -6 ticks.
The following 3 users say Thank You to Tiger45 for this post:
Hey Tiger, maybe this weekend you would like to sit down and re-read all of your journal posts for the last couple or several weeks. Then maybe you can write a new post with your conclusions?
I find that doing so can really be an eye opening experience. When you read them in chronological order, and back-to-back, it can become obvious what was previously hidden to you.
Just a suggestion
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
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The following 2 users say Thank You to Big Mike for this post: