Nice to see you back felix. Missed your videos! 
Scalping the Mini Dow off the M1 Charts
- #266
- Mar 8, 2016 6:36am Mar 8, 2016 6:36am
- Joined Dec 2012 | Status: On Life's Path | 2,076 Posts
{quote} Posts like these require balls of steel. People only show the winning trades / days, but never the losing ones thus giving totally wrong expectations for other (newbie) people. Thumbs Up! (Yesterday I lost too - and I admit it too :-) )
- #269
- Mar 14, 2016 4:47am Mar 14, 2016 4:47am
- Joined Sep 2006 | Status: Trader | 10,704 Posts
every Saint has a past. Every Sinner has a Future
Happy St. Patrick's Day! This morning's trading video.
To give some context to the level I sold (unsuccessfully at first), here is what I was looking at on a higher timeframe:
Inserted Video
To give some context to the level I sold (unsuccessfully at first), here is what I was looking at on a higher timeframe:
If you can't tell what the herd is doing...you probably are the herd.
Today was really harsh for me but a lesson worth sharing in detail.
I came into the morning marking off 2 levels below market that I knew I wanted to get long off of. The reason for this was the H1 chart. Coming into the open, we had an H1 pin bar, then an inside bar, then a fake to the downside. This immediately put in my mind 2 levels I wanted to mark off as potential longs: 17633, and 17629. If anyone had gotten short off the break of H1 pin bar, or the inside bar, surely they were sensing being trapped on the wrong side on the H1 candle before the market open (last candle in this chart).
The premise was good but on my first trade, I failed to get the kind of push to the upside that I was expecting. I then doubted my setup, cut the trade, and took a reverse instead.
I got what I paid for, basically.
Here is this morning's trading video with some notes on my thought process during the trading session annotated:
I came into the morning marking off 2 levels below market that I knew I wanted to get long off of. The reason for this was the H1 chart. Coming into the open, we had an H1 pin bar, then an inside bar, then a fake to the downside. This immediately put in my mind 2 levels I wanted to mark off as potential longs: 17633, and 17629. If anyone had gotten short off the break of H1 pin bar, or the inside bar, surely they were sensing being trapped on the wrong side on the H1 candle before the market open (last candle in this chart).
The premise was good but on my first trade, I failed to get the kind of push to the upside that I was expecting. I then doubted my setup, cut the trade, and took a reverse instead.
I got what I paid for, basically.
Here is this morning's trading video with some notes on my thought process during the trading session annotated:
Inserted Video
If you can't tell what the herd is doing...you probably are the herd.
- #280
- Mar 30, 2016 12:13pm Mar 30, 2016 12:13pm
Today was really harsh for me but a lesson worth sharing in detail. I came into the morning marking off 2 levels below market that I knew I wanted to get long off of. The reason for this was the H1 chart. Coming into the open, we had an H1 pin bar, then an inside bar, then a fake to the downside. This immediately put in my mind 2 levels I wanted to mark off as potential longs: 17633, and 17629. If anyone had gotten short off the break of H1 pin bar, or the inside bar, surely they were sensing being trapped on the wrong side on the H1 candle before...