DislikedVery nicely done LVG.
Your discipline is noteworthy. It is tough to see gains go up and down, and still stick to your plan. It is this resolve that makes good traders - great. Turning a short term trade into a long term trade takes a different approach and an understanding that these swings in Price are normal.
I assume the Oct. 30th DIBS trade was the 1st IB of the day (Blue Box).
Might I suggest you look at higher time frames for Support and Resistance levels for stop loss placement and for possible Price targets.
4 hour, Daily and Weekly. You may find different S/R levels then the ones I have indicated.
I know you are out of the trade now, but these are things that you...Ignored
I did take that trade you highlighted in the Blue box, but I closed it because I made a mistake with how I used the Oanda interface. From my post I was back in on #3, so not far from my original trade. I took a few more DIBS trades on the ride up and closed them, but let the trade #3 ride until I left to travel for work.
Yeah, I think several people have mentioned S/R levels and I probably should take some time this weekend and read more about it. I think I understand the principle, but I need to learn to apply it. I found the 'no brainer thread', is that a good thread to start out with? There are lots of resources on the subject, but if anyone can recommend "the best" I'd appreciate it. Sounds like I have homework assignment.
Don't wish it were easier, wish you were better. ~ Jim Rohn