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Monday 2 March 2015

Difficult range/impulse day

So we have had only one decent opportunity, either taken from MA or from confirmed 3T entry few tick lower, but it is one trade basically. Next we had one entry off MA that would not be filled as price missed it by few ticks, and one 3T confirmed entry that would be filled and not stopped out. That trade attempted to go to profit but pulled back and would be stopped at BE.

Then there is a no-fill at higher range BB, that would not hit a target and be stopped at BE instead, hence no attempt to take a second trade off higher range until LL or HL produced.

3T gave a confirmed trade, but that would be a loser for 8 points.


Since I missed a good trade, I became very cautious in joining trades as market progresses in same direction, as probability of win decreases. So in order to continue trading today, I need to see some reset in motions, another impulse, down or up.

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