Long 1 6B contract
6B 377-Ticks
Just one trade for now. Missed my 6E long coz D wanted to go out for a smoke! Came back and saw that 6E had hit my targeted exit. Didn't want to chase and took a look at 6B instead. Saw exactly what I have been waiting for (piercing of support and then turning strongly back up, failing an "M" pattern). I was a little late still, but it's better than chasing what's already at the peak (6E).After I covered my 6B trade, D apologized profusely over my missed 6E trade. I had wanted to exit at Fib Ext 161.8 (see chart below) and the trade would have yielded a very nice 1.9 point. D's sorry coz I would have had 2 winning trades, according to him. I was amused. Truth is, had I gotten 19 ticks from 6E, I would've had taken a break rather than take another trade immediately after.
6E 200-Tick
D traded the TF instead. Brave (globex hours, there isn't much to see on the chart). Unlike me when I traded the TF during globex hours, he couldn't sit on a retracement and got out at + 2 ticks. D asked how I managed to get my 1, 2, 3 and 4 points on TF during such odd hours. I said coz I sat on 1, 2, 3 and 4 point paper loss first (TF seldom break out pre-market, trading in a range for hours). On a few of those occasions, I had glanced at the PnL column from time to time, and would close my trade once I saw a decent profit. I'm still wondering if being that relaxed is good.
D traded the TF instead. Brave (globex hours, there isn't much to see on the chart). Unlike me when I traded the TF during globex hours, he couldn't sit on a retracement and got out at + 2 ticks. D asked how I managed to get my 1, 2, 3 and 4 points on TF during such odd hours. I said coz I sat on 1, 2, 3 and 4 point paper loss first (TF seldom break out pre-market, trading in a range for hours). On a few of those occasions, I had glanced at the PnL column from time to time, and would close my trade once I saw a decent profit. I'm still wondering if being that relaxed is good.
6 comments:
bravo! looks like you found a way to accommodate your trading style.
Don't you just hate missing that trade?!?!
For me, it always seems to happens this way...I fire up the charts only to see a perfect setup...that happened 10 minutes ago and it's running big-time!!!
Oh well, wait around long enough and the next setup appears.
:-)
:-) Cory, we always find a way, don't we?
LOL! EXACTLY, DT! So moving forward, I'm going to have to do everything in front of my screen. Now, I wonder how I'm going to get my nicotine fix ...
Ok Jules, this is getting scary...we seem to be taking/seeing almost the exact same trades on GBP/USD!! (although I'm trading spot forex not the futures...)
Hope you're keeping well. :)
MM
That's great, MM! I'm trading like a pro! Yay! :-) So now you can keep track of all the statistics for me LOL!
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