Decided to start a journal in hopes that it helps me on my way to becoming consistently profitable. I am open to any and all criticism...and I mean that.
I have been off and on sim since the beginning of the year...I have jumped from strategy to strategy which leads me to this journal. I am looking at the CL...I believe it suits me best because of it's "instant" feedback...that doesn't mean I'm profitable but I still think it suits me...or I suit it...take your pick. I don't trade it cause it's "fun" or "exciting"...I believe in the long run it will be the most profitable product for me.
Currently I am looking to enter on breakouts (bet ya didn't see that coming ) I place a buy/sell stop order and am looking for strong follow through. My dilemma with this is I don't know when that follow through will occur (states the obvious)...yesterday it was there on a few trades I made (sim)...today it wasn't (live) I'm looking for HH and LL...new H's and new L's for the day, week etc.
My charts include 6R, 25R, 30M and a 1024 vol chart with the Gom ladder (which I have not figured out how to make useful yet...thanks Zondor for helping me set that up) I'm looking for strong support or resistance to be broken...I seldom fade it.
NOTE - I`m not married to any strategy/ideas
Will post some charts/trades from yesterday and today.