After seeing the gap filled and huge huge momo, I had to try and short. Those big bars kept screaming "zero me out!!"
I saw what happened earlier today and took a quick grab at some of the profits.
Cwn6161's Trading Log
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- aliassmith
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cwn6161 wrote:Yesterday was frustrating as I kept trying to go long to catch a zline and reverse, but the zlines never really came. Today showed more promise and I entered short on a H1 zline. Took profit at the 12-29 breakout.
Yes yesterday was tough. Some of those zlines were getting ran through.
Good thing today was better and I made it all back plus. 160 pip move down
with a small piece still running short.
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The last week has been nothing but a series of losses for me, which makes me feel like the wins I were getting were just luck.
I think the biggest cause for my failures is from trying to force a trade right when I wake up. I also need to look at price action more - too often I'll see an extreme and a zeroline to enter in the opposite direction, but I confuse the correction with a reversal.
I think the biggest cause for my failures is from trying to force a trade right when I wake up. I also need to look at price action more - too often I'll see an extreme and a zeroline to enter in the opposite direction, but I confuse the correction with a reversal.
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