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Gamera

Testing Times.

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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.

nq210320171min.thumb.png.013836311121d5dd5fdd4af0e9348c77.png

nq210320171minnotes.thumb.png.1336ad653a41152620c157adcf268c35.png

Edited by Gamera
Lot to cover.

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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.

nq23032017wdprep.thumb.png.8ed97248006db6007801fd80d2158971.png

nq23032017multiprep.thumb.png.93242ea1c4dc4d0989b6eb9a1cb439bf.png

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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.

nq28032017multiprep.thumb.png.3a97f46afb284a3ea9d130262c6cfb04.png

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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.

nq290320171min.thumb.png.7ce76005828fe2d5a9df543b8ee77c24.png

nq290320171minnotes.thumb.png.5880e80bc2dd9f22c9ad060a1deaf0b4.png

Edited by Gamera

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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.

nq30032017multiprep.thumb.png.696c014ec69d8132af4324624f3394c4.png

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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.

nq050420171min.thumb.png.162b5ab41af031a365d0f7c3f2948598.png

nq05042017notes.thumb.png.818897c52b7459e8c8b70c98fd66dc2c.png

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