I think my intentions were good but my execution is lacking in certain areas such as trying to make trades out of nothing. The volume was low today due to contract rollovers. You do not want to get long close to highs or resistance levels. The bad trade I took was when price went outside and closed a couple of bars outside of the channel so I should have left it alone.
1. Double bottom matching lows with two good signal bars off of the lower trend line. Good trade.
2. 2 legged pullback with matching double bottoms. Good trade.
3. 2nd entry long with good signal bar off of lower trend channel. Good trade.
4. 2 legged pullback and 2nd entry long. Mack said it was a failed 2nd entry short. Good trade.
5. 2 legged pullback with matching double bottom lows off of lower trend channel. Worked out but bad trade.
6. Thought the resistance had turned into support and price was going to bounce off and go up. Bad trade. You do not know how to take these yet.
7. Horrible trade of the day. 2 legged pullback and 2nd entry long. But it was at the top of resistance that price had not been able to break through the whole day. Bad trade.
8. 2nd entry long, 2nd legged pul back to support...Great setup and trade.
No comments:
Post a Comment