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and here it is, in first hour it filled up the gap from tuesday, but then it slowed down. I didnt have valid signal until the market switched into a channel, which I couldnt identify origin of it. And then it came, I used all my trades in this area, which wasnt best move from my side. I didnt respect rules in this area and my results were not good. Borders of this channel were from filled gap and OHLC values of previous days.. too late discovered.
#1 long entry: bounce from ema, PT: overnight low
this entry had a good potencial, but my managing this position didnt offer me right conditions, I had to move my stop loss and it kicked me out.
#2 short entry: - , PT: low of day
really stupid trade on the bottom of this price channel, without entry reason, hmm I still dont understand, why I took it.
#3 = #1
it didnt work at all, but I had no chance to scratch this trade.
My bilance is worse and worse, but it pushes me more to think about my work on trading. I have to wait, it will turn into better results, but my patience is sometimes really unstable .
I was so much looking forward to trade today and there was any shot from my side . As market balanced today between friday low and filled gap from last week I was prepared to take trades from high/low borders back to open. I found couple ocassions, but it was in opposite of my planned entries and very close to HOD, I didnt see a good risk reward ratio. We will see tommorow, if there will be better situation, or lets say more readable.
what a strange market is in these days, it is for me very unusual to see so far away every open from the previous one, but it is ok, if market let me trade...and it afforded me today one ocassion.
I came for my last hour to trade, there was a visible channel, in which price floated with not very readable style. I planned my entry if price will break this channel up and I will see clear confirmation, that I can try it this way. Another move down was also possible, but without enough space until it would break down yesterday high.
#1 long entry: bounce from ema, PT: overnight high.
entry worked like a charm, but my behaving during trade was not very good. I was sticked too much to every appeared bar and I didnt analyze market as I should. My exit was on emotional base, I saw that I could move my stop loss as I usually do ( following BB on rb5 chart) , but I wanted more. My greed helped to get my best result, but it is not a way I want to continue..
so have ride with a bull on CL today? I didnt have so lucky day, when I came, it was too late for action. Market hit a daily s/r 101,45 and then it went into a range move. Ok, there was some movement, but I didnt risk, because I couldnt figure out on a good place for entry. It seems, that it broke triangle on daily chart and we might see some progress of price up to stars, or maybe higher . Overnight market will tell us more.
It looked that it might be a nice short for today, but my last hour was in sign of a "beautiful" range. I have attached badge for persistance to not trade on my shirt , because there was no chance to get a solid signal. In last 2 minutes it bounced for 32513x from overnight low and it falled down for a couple ticks, finally. I hypnotized charts today, it was like old days on minidow.
in a shortcut...no trades, I would be a magician to do at least one reasonable . I was prepared around today´s bottom for some action in the last 30 minutes of session, there was also strong support area + yesterday low. It went my predicted way, but I didn´t find a good place to jump in. When I saw today´s progress, I didn´t have a mood to follow this mess, but it is another experience for me and I made quite rich log from this day.
I didn´t trade yesterday. And no trades for today, when I came to trade it was after the party. Nice strong short, filled up yesterday´s gap. Last hour was in decent range, very close to low side of gap, it looked to me oversold. I was waiting if the price will skip over this gap low and show me, that it is possible to go higher..it didn´t happen so. There is only visible nice double bottom, but I don´t trade it, my bad.
As I had couple loss series in May I thought, that my P/L result will be negative and what a surprise, it is my best result since my beginning of this year. So, I hope, that during this month I will stay "in the zone" for more days than in May.
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