This is my first week so far (I won't be looking for trades tomorrow) applying what we are learning here to the four hour charts. I like the schedule for the most part. One of the things that's hard to get used to is that I don't *need* to be checking on my trades so often. A slight sense of loss that, if in some ways a relief.
So I took four trades this week. Only one actually lost money, and in retrospect the price action was weird and it was a trade I would not enter over again for that reason. The other three were profitable. . . *but* they could each, easily, have made three times what I actually took out of them. I suppose I needed to give them more room. It's gratifying to know that I picked three good moves near their beginnings, and that I was actually in them and that they even hit my tps (but without me)! I like feeling like a genius, I would even more like feeling like a genius who made money.
Clearly, this will take time. I'm going to watch all the 2016 videos again over the weekend.
Still, up 70+ pips for the week. Not that great given the initial risk and the time frame, but at least it is profit.
So I took four trades this week. Only one actually lost money, and in retrospect the price action was weird and it was a trade I would not enter over again for that reason. The other three were profitable. . . *but* they could each, easily, have made three times what I actually took out of them. I suppose I needed to give them more room. It's gratifying to know that I picked three good moves near their beginnings, and that I was actually in them and that they even hit my tps (but without me)! I like feeling like a genius, I would even more like feeling like a genius who made money.
Clearly, this will take time. I'm going to watch all the 2016 videos again over the weekend.
Still, up 70+ pips for the week. Not that great given the initial risk and the time frame, but at least it is profit.