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Gamera

Testing Times.

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Frustrating trading day, had a sneaking suspicion if price got back into the range it could go on a run to the MP or maybe the upper limit, the first op was in the first minute which was a little too fast and the second op I missed as I futzed with my order placement.

nq290820171min.thumb.png.c1fc399597989f01515cbfd720cae65b.png

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Gamera,

 

Have you put on positions before the open? ... like at ~ 8:30 ?

 

zdo

 

I have in the past, and there are often good opportunities that come about prior to the open. The opening whipsaws can cause a little drama, which is fine if a trade is high and dry but I find some of these whipsaws can bust a trade without actually changing the direction of travel which can be a little frustrating at times, but, it is something I have been thinking a lot more about lately when doing chart reviews.

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Prep done prior to open but not documented, this post will include what I was looking at before the market opened.

 

Once the first trade closed I ended up effectively sitting out, limited success in trading made me defensive about my gains which limited my opportunity for success (vicious circle), frustratingly, the trades I was looking at worked for the best part.

nq05092017wdprep.thumb.png.7f3c67d4a1c602fbea0c71ff647517ea.png

nq05092017multiprep.thumb.png.f91f9708cf7280b4ca509a3d20c964f2.png

nq050920171min.thumb.png.356b28af4d251341fe7c646fc3ce78d3.png

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Prep and actions for the 14th, I was poorly organised prior to the open and felt like I was chasing my tail when it came to the prep and focusing on the open. Whilst I could see the opening PA I was unable to take advantage of it and by the time I did the drop was over.

 

Decided to sit out on trade 1 exit rather than flip the trade as my head was screwed on the wrong way.

 

Lesson: Be prepared and calm prior to the opening bell.

nq14092017multiprep.thumb.png.e3b6540be394dbda37d191d503dd83ca.png

nq140920171min.thumb.png.c3f61e94e1e9de457e82703bc3c24f72.png

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Prep and actions for the 15th. In hindsight the exit on trade 3 was pushed by a little emotion as price seemed to futz a little, stopped after that as I thought I was risking over trading with three trades in the first 30 minutes.

nq15092017multiprep.thumb.png.51ec94b974ceb229bf5f4950339ae4c0.png

nq150920171min.thumb.png.a5f657cded8fe76127d54b320b8c56b2.png

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