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Showing posts with label GUTT. Show all posts
Showing posts with label GUTT. Show all posts

Tuesday, 3 March 2015

Day review

Okay. There was money to be made. Lotsa. But I have got so tired from doubting its every move since the morning so I had left half past four. But in any case, I did not have any setup to enter the short. Again, it was just that relentless stop push, squeezing accumulated longs.



Today so far

Is much worse than even yesterday. We have got a weak impulse up, new ATHs on very low volume, no way to enter into this jagged action, the first possible entry called for bailing out after no impulse resumption followed. Then it collapsed. No entry at low range as the correct entry would be an MA entry so no follow up and fading accelerating down move.


Yesterday's review

I had reviewed yesterday's chart and marked it up in a more streamlined and rule-based fashion. Now it looks like a repeatable procedure.


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.