Good morning, sportsfans : today really is Wednesday & I made one trade before remembering I don't trade oil on inventory days. Not only that, I used the secret jtrade FatFinger (PatentPending) method to enter 5 ticks early :
The price channel is a 9 period Donchian with mid-line showing, there's a momentum indi down below. Do any addititional indis really help ? Probably not, but as td said to me earlier, they can provide psychological support and resistance (good one, td ).
To over-analyse the trade : higher low at lower channel + 2nd Entry.
In other news : just re-subscribing to Eurex to see if I can trade this method on FDAX or FGBL (two very different markets, but both appealing in their ways). Prefer to trade in the EU mornings. Time for a cup of tea...
The price channel is a 9 period Donchian with mid-line showing, there's a momentum indi down below. Do any addititional indis really help ? Probably not, but as td said to me earlier, they can provide psychological support and resistance (good one, td ).
To over-analyse the trade : higher low at lower channel + 2nd Entry.
In other news : just re-subscribing to Eurex to see if I can trade this method on FDAX or FGBL (two very different markets, but both appealing in their ways). Prefer to trade in the EU mornings. Time for a cup of tea...