I lost BIG money on trying to catch this. My INitial analysis was semi-correct. It was for a short, but I think I misread the tests - I could have stayed in with that entry but my STOP was way too tight. So I was stopped out.
ATTEMPT #2 - I got back in on the precision area, but then it still went a little higher. Stopped again. Sheesh.
ATTEMPT #3 - FINALLY it's going in my favor. So I think the read wasn't as accurate as it could have been, HOWEVER - I AM pleased that I was able to hang in there and catch the trade. Practice makes perfect.
In the future, I need to do a better job with my read & also work on catching the price at a MUCH better area. More precision. If I had got in the trade at a more precise area, I could have withstood the whipsaw and even stayed in the trade from my first analysis - instead I lost out two times.
THIS is unacceptable and something that needs to be worked on and thoroughly improved.
For example - I got in the earlier trade at the 8pm area. But this isn't even really moving in my favor until 1030! LOOK at how much time was wasted and money wasted in that window. That's 2.5 hours of sitting though nonsense.
READ READ READ!!!
ATTEMPT #2 - I got back in on the precision area, but then it still went a little higher. Stopped again. Sheesh.
ATTEMPT #3 - FINALLY it's going in my favor. So I think the read wasn't as accurate as it could have been, HOWEVER - I AM pleased that I was able to hang in there and catch the trade. Practice makes perfect.
In the future, I need to do a better job with my read & also work on catching the price at a MUCH better area. More precision. If I had got in the trade at a more precise area, I could have withstood the whipsaw and even stayed in the trade from my first analysis - instead I lost out two times.
THIS is unacceptable and something that needs to be worked on and thoroughly improved.
For example - I got in the earlier trade at the 8pm area. But this isn't even really moving in my favor until 1030! LOOK at how much time was wasted and money wasted in that window. That's 2.5 hours of sitting though nonsense.
READ READ READ!!!