Testing Times.

[Gamera 15]

Prep for the day ahead.

Edited March 21, 2017 by Gamera

[Gamera 15]

A positive result is about the only positive I can take from the day. I still find myself becoming increasingly concerned with protecting gains the further a trade goes in the right direction to the extent that I look for reasons to get out by looking at time frames where I am likely to find a reason.

 

Ideally, when following the plan, one holds the trade until there is no longer any reason to hold, then exiting flat or flipping the position might be the best call.

 

Whilst I am much improved from the bad old days when every trade was a white knuckle experience I still find myself making emotive decisions at times, the bigger a trade gets the worse I get in my thought making process.

 

Notes attached.

Edited March 23, 2017 by Gamera
Lot to cover.

[Gamera 15]

prep after the big drop, daily LOLR is down and the push lower has moved us well away from the upper limit.

[Gamera 15]

1 trade for the day as I struggled to focus.

[Gamera 15]

Overnight saw price rally to the MP of the drop, the inability of price to move beyond this level suggests continued weakness which ties in with the higher time frames of the daily and weekly.

[Gamera 15]

Spent a lot of the session sitting on my hands.

[Gamera 15]

Still hanging around the MP of the drop.

[Gamera 15]

More trades than I usually make for the day but I still find myself over managing some of the trades I take.

[Gamera 15]

Prep, could be on the cusp of a breakdown, time will tell.

[Gamera 15]

Had to shut down after trade 2.

[Gamera 15]

Daily failed to confirm the ret after a stride break, there was a double bottom of sorts and overnight price has crept back to an earlier swing high just above the MP of last weeks drop, could be a potential range in the making.

[Gamera 15]

Kept shorting the market, perhaps a bias had set in on what the day was likely to be.

 

Edit: Added notes.

Edited March 29, 2017 by Gamera

[Gamera 15]

Possibly back to range trading, trade reversals off the extreme or trade the breakouts via rets.

[Gamera 15]

Price saw an upward move towards the UL but it did so in a very messy fashion.

 

Thoughts: Real sense of frustration starting to set in, PA seems vague and oscillates a lot before making any kind of move. I am making mistakes along the way by passing on more trades than I take, poor entry and trade management seem the most obvious.

 

The market is not behaving as I would expect, which leaves me thinking my expectations are wrong, this bullish market is similar to a period I backtested during a period of new highs in 2014 and my results are not that dissimilar, weak continuations, deep pullbacks interspersed with price spikes and chop... Challenging but not impossible.

Edited March 30, 2017 by Gamera

[Gamera 15]

Price made new highs over night which means the daily DL will be fanned to accommodate the most recent swing low, PA is back under the swing high we head into the open.

[Gamera 15]

Kind of a choppy day, but with price being at a possible turning point its hard not to look for trades.

[Gamera 15]

Will there be more of the same PA or will things be different with a little direction?

[Gamera 15]

Quit the session after trade 2.

[Gamera 15]

There is a potential of price to chop around again, or maybe not.

[Gamera 15]

1 trade and then shut down as I was expecting more of the same in terms of odd PA. Notes attached.

[Gamera 15]

Prep for the day ahead.

[Gamera 15]

Another indecisive day of sorts.

[Gamera 15]

PA is still flopping around at highs but the range is tightening a little.

[Gamera 15]

An interesting day in terms of movement, but, my pessimistic outlook on current PA led me to overthink on the first trade.

 

Notes: I could see a few things of interest as they occurred but I was trigger shy and expecting chop so sat out and took notes as the rest of the day unfolded after trade 3.

[Gamera 15]

Preparation for the day ahead, previous days action was choppy, PA is back under the daily UL, the LOLR is down.