I traded Nikkei this morning continuation of yd's gamble, didn't turn out any good.
However again with DAX I had a chance to correct my mistakes.
Overall +3.7pips I tried its not much but the main point is I did eventually erase my loss for the day and I have done pretty well I think as far technicals are concerned yes my initial assumption was off (but I wasn't off about uptrend) but as the session went on I did manage quite well I sold the initial retracement wave then as price approached 65,54 area I knew that was going to be a retest area, after all this is still an uptrend on 30min so with the long trade I'm concluding the day.
Last few days I've been on my computer starting at charts all morning and late in the evenings and I really want some time off to freshen up for tomorrow's battle as I don't want to make the same mistake as I did yd.
I think I'm learning to read 30min chart pretty well not that great but good enough so that I can at least end the day in the positive, reading the main theme and levels on 30min was the right move, I can't just go by 5m its too chaotic and I get lost.
I guess that's it for now tomorrow in the AM I'll need to prepare my 30min levels and plan of action.
However again with DAX I had a chance to correct my mistakes.
Overall +3.7pips I tried its not much but the main point is I did eventually erase my loss for the day and I have done pretty well I think as far technicals are concerned yes my initial assumption was off (but I wasn't off about uptrend) but as the session went on I did manage quite well I sold the initial retracement wave then as price approached 65,54 area I knew that was going to be a retest area, after all this is still an uptrend on 30min so with the long trade I'm concluding the day.
Last few days I've been on my computer starting at charts all morning and late in the evenings and I really want some time off to freshen up for tomorrow's battle as I don't want to make the same mistake as I did yd.
I think I'm learning to read 30min chart pretty well not that great but good enough so that I can at least end the day in the positive, reading the main theme and levels on 30min was the right move, I can't just go by 5m its too chaotic and I get lost.
I guess that's it for now tomorrow in the AM I'll need to prepare my 30min levels and plan of action.
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