I took this one this morning. Again it did really show itself until around 7 AM my time and I take the kids to school at 7:05'ish. This is why I closed it. The target was the mid quarter line. Seeing how it broke that easily, I might have stayed with it to the BRN.
Entry was based on both stochs being oversold and rising as well as the retest of the quarter as support. I am trying to find a way to identify a trade in the brief time I have. The CCI of Clive's is still on the chart, it is just squished. As I go back and forth between the 70 SMA, 100 LWMA, and the faster 34 SMA, I realize that it does not change my entry much and rarely changes the bias. Sometimes the 34 SMA gets me in quicker though, like it did here. using the 70 SMA or 100 LWMA would have kept me out of this trade until the retest at around 7:40, which was a textbook Clive entry.
I will probably look at these entries in a few ways over time to see what reduces the hesitation and adds to my confidence.
I added the same chart with the 70 SMA and Clive's CCI, for comparison's sake. It helps to see them like this.
Entry was based on both stochs being oversold and rising as well as the retest of the quarter as support. I am trying to find a way to identify a trade in the brief time I have. The CCI of Clive's is still on the chart, it is just squished. As I go back and forth between the 70 SMA, 100 LWMA, and the faster 34 SMA, I realize that it does not change my entry much and rarely changes the bias. Sometimes the 34 SMA gets me in quicker though, like it did here. using the 70 SMA or 100 LWMA would have kept me out of this trade until the retest at around 7:40, which was a textbook Clive entry.
I will probably look at these entries in a few ways over time to see what reduces the hesitation and adds to my confidence.
I added the same chart with the 70 SMA and Clive's CCI, for comparison's sake. It helps to see them like this.
Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.