Journal Your Trades!
In this video I talk about how journaling your trades is an overlooked gym that could be a gamechanger for your strategy and profitability.
The specifics of this trade is that my entry(Short) was near the 21 moving average anticipating rejection on the 1 minute timeframe.
I use the 21 and 200 moving average to define an up or down trend.
Using the 21 and 200 moving averages as dynamic resistance or support
Maybe my 8 tick stop loss works if I use it on the 200 moving average instead of the 21.
This is something I will keep in mind and test out in the future.
The specifics of this trade is that my entry(Short) was near the 21 moving average anticipating rejection on the 1 minute timeframe.
I use the 21 and 200 moving average to define an up or down trend.
Using the 21 and 200 moving averages as dynamic resistance or support
Maybe my 8 tick stop loss works if I use it on the 200 moving average instead of the 21.
This is something I will keep in mind and test out in the future.