Pre Trading Notes:
1. If prices are in a trading range, sit tight until there is a break out or fade the extremes. If prices are trending, be patient and wait on a pull back. If the market is in a runaway trend, take every with trend entry pullback.
2. Never try to counter trend trade when the market is trending.
3. Best entries in a trend are w/the 21 EMA or at the trend lines.
Post Trading Notes:
1. Range day. Still real rusty. Have to learn the rules better that I listed above.
2. Mack's lines are in black dots
Mack's Notes:
1. When the EMA goes flat then that means it is a range day and all you can do is buy the lows and sell the highs.
2. DRAW YOUR TREND LINES SO THAT PRICE TOUCHES OFF OF BOTH SIDES. If price is not touching on one side then you do not have it drawn correctly. Draw it off of the first couple of bars in the move.
Trades:
1. 8:30 - 2nd entry short counting off the SH. Was off the EMA
2. 10:43 - Thought it was a pullback 2nd entry long counting from the lows looking for price to go up to the previous SH.
3. 12:34 - Pullback 2nd entry short
4. 1:15 - Though tit was a 2nd entry long looking for price to go back up to the upper end of the range.
Missed Trades:
1. 8:44 - 2nd legged move
2. 9:00 - 2nd entry short off of EMA
3. 9:39 - Pullback entry off the EMA
4. 10:09 - Failed 2nd entry long
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