BB, MACD, and everything else where appropriate

Going to take a break from the trading desk.
What I see on the 30 is a test and pullback of the 400.
Now resuming another test of the 400. Prices will need to break through the 400 to continue higher.
The 400 is flattening and most like trading will go up and down around it for a while before going higher or dropping back down.
Boy is that urge to take the pips and run strong. Remembering all the time I saw gain waited and ended up with a loss.
But I need to get rid of those habits and "painful" memories. I have confidence in this strategic overlay.

It was enough. +9 pips net after commissions and spread...
I'm going to have to ease into this. Staying in longer. I reached my max tolerance this trade.
Two new things today.

multiple positions
looking for more pips per trade

That's it until New York open in an hour.

Strong data in 5 mins.
The 30 is the chart to watch.. That is the one at the 400.
My guess is a break through to the upside...
If so then a run up to the 400 on the hour chart is in play
Which means all next week and I can trade many buys and be in and out several times on pull backs.

The data is as expected...
pull back slightly then higher?
Maybe just flat trading along the 400 on the 30 min

Entered buy on 30...
expecting a push up through the 400 maybe not a moon shot but to test by pushing through
Could be a mistake... after the huge run up and flat data...
selling off...

Moved the stop to below the 400 on the 5 min..
not the best risk reward ratio.
pending home sales data at 10 but it's considered very significant.
and no big data releases tomorrow.. Friday..
If the pull back holds at the 400 on the 1 min that will be a very good sign...
Otherwise this could be bad.
I didn't wait long enough after the data release to be able to discriminate what the trend was going to be.
There are so many things to consider.
practice, practice, practice..

Waiting for at least 5mins after a big news release is necessary.
looks like next stop is the 400 on the 5 min... let's see if it holds there.
So I'm on the wrong side of trade and giving back everything I gained earlier in the other trades.

If that doesn't hold next support is the bottom bb band on the 15

Really don;tknow what the magic is with the 400..
but it is clear there is something...
this the 1 min and p[rices are stuck to it like iron filings.

Bad trade. I'm out.
My mistake was not waiting for at least 5 min after data release.
The trend is probably going to go much higher and this is just a pull back.
But I didn't get it right. If I take the loss now even though it means giving back all the gains today I will live to trade again.

there's the 1 hour. next week's target...

Let's try this.. using pending orders. Yes that is the best way.
I need to learn how to use pending orders. Okay more to learn and practice.
since my bias is up.
51 min going into a channel
on the min put buy order at the 400 for buying on a pull back
tp at top of the channel on the 5
sl below bottom band on the 15
Pretty sure it going to test the 400 on the 30 again.
It's not going to just happen if I want to be successful.
99% of traders just lose their money.
It's like anything else, sports, or art, science..
it requires practice practice practice.
discipline disciple discipline.

It's going to get filled. Am I sure I really want it filled?

Since it's channel time...
I moved the buy order down to nearer the bottom of the bb bands on the 15

That 400 never ceases to amaze me. I need to learn to read it.
Which is why I moved the pending order to the 400 on the 5 min.
and what it looks like on the 15.
Sure would be nice to gain "some" pips today for all efforts.

Whoa... Look at that bounce right off my order. You know someone had some orders placed there. And priced scooped down to fill them...

Just can't get over at what goes on with 400. Even on the 1 min!!!

I'm a buyer here. If it drops to fill the pending buy that's okay too.

Here is something else. a huge trend line being tested..
My goodness there are so many things to consider.
I bet there is someone out there who written a program that considers them all.
patterns, trend lines, moving averages, indicators.
if they haven't they should.
It'd be a killer.
Before I saw the trend line I set tp and sl thinking to go for the 400 on the 1 hour.
But now I'm not so sure...
Prices would have to break through that strong trend line resistance that is being tested now.
Looking like a double top.
Yikes...
Maybe the lesson today is not to trade unless I am sure of the trend in the day candles.
And then just trade with that.
I stray from the basics.

It is the day chart that sets a definitetrend for trading during the day.
So it isnot certain if there is going to be more of a retracement or not.
At this time there hasn't been enough of a breach of the lower bb to cause a forceful retrace but previously there were two breaches that didn't produce a rebound at all. Sometimes the rebound comes later... like now...
If that trend line is broken then it will become strong support and the upside to the 400 on the 1 hour is certain.
Might not know until next week.

For today... I'm, going to look for a test of that trend, the 15min is in a channel, which is also at the upper bb band
and a small gain.