A Study on Trading with Oscillators

The market is still giving this opportunity, but there is a big mess on the oscillators, so I will pass.

So, I'm currently in a Short trade, it is still running:

In this trade the oscillators weren't really much help, other than a mess is also information. It was rather about the MA's and the channel I ploted.

My Entry wasn't optimal, and that's why it ended at 1.96% profit, not the supposed to be 3.236%.
I was fighting for 2%, but it always closes at a worse price than we want.

Seems like I was pretty damn right about getting out.

BTW. I don't mean that price can't go further down, it can, it's just my rules.

I'm in short (explanations later):

OK, so I broke one of my own rules, the one about seeking an opportunity, and I got a Stop Loss:

The rule is to Sell at expensive prices!
I sold at a very cheap price!
Why did I do that?
Because I had an idea, that the price would go down further, and the price doesn't give a shit about my ideas.
What was the right course of action in this case?
Wait, don't trade!

Anyways, I only lost some of what I could afford, because I had made it before.

What was the right thing to do before I entered the trade?
1. Ask myself where the best opportunity to Sell was.
2. Ask myself if that moment was the best opportunity to Sell.
If the answer to question #2 is no, then I should not Sell.
3. Ask myself where the best opportunity to Buy was.
4. Ask myself if that moment was the best opportunity to Buy.
If the answer to question #4 is yes, then I should Buy.
If the answer to question #4 is I don't know, then I should not trade.

This is one of those shitty consolidations on DAX40 where a greedy trader, one who turns around with a bigger position, usually gets into trouble and losses a lot of money, if not all of it. That's why the rules I have pointed out in # Posst 1.

Like this:

Update on 2022.03.24

The BTE_Ballistic_Indicator has been improved!

What's new?
Now, there are 5 individual buttons for plotting MA extensions, and one for plotting the line chart. Please first switch the MA Off button to MA On in order for the other buttons to work!

Please download from # Post 1 !

The changes can be seen on this image:

Hi BestTraderEv,

I really like your Planet Awesome Oscilator indicator, Currently I am using the PlanetAwesome OscilatorMTFv3.0. The Histogram bars are useful for me but sometimes it the last bar seem to recalculate/repaints, it gets big from small and small from big until the current candle closes. I would like to checkout how the PlanetAwesome Oscilator v5.2 version is but unfortunately I am unable to load Planet Awesome Oscilator v5.2 indicator on my chart, it appears blank and it says 'Indicator name was changed! Unable to initialize'. What am I doing wrong?

Looking forward to hear back from you.
Cheers mate

The proper name of the indicator is:
PlanetAwesome-Oscilator-v5.2

Exactly like that, and it can not be any other way.

I made two attempts to recover my loss, and unfortunatelly the market was very slow, so I just recovered a little bit.

This market isn't behaving trending-like, unfortunately, so it is difficult to get TP.

And the final trade for this week:

Update on 2022.03.26

BTE_Ballistic_Indicator now has Focal Points, crosses of SMA16 & SMA32.

Please download update from # Post 1 !

No trades today, as of yet. Barely missed the uphill train, then I was, and still am, busy doing some coding.