Did you get a little tilted in second part, because first half of chart looks great?
When I look at your charts I can see that we have pretty much similar reasons why to take a trade. We like breakouts and starts of the move in certain direction. Lately there is so much less follow through then it was before (lately means year or more). It's at least my observation. Now it seams that it would be wiser when we pick general direction to wait for some retracement and enter on a dip rather then what we are doing so far. That is hard for me, I'm talking about it but walking the walk is another thing. I for myself am starting to visualize every part of the chart as certain range so it has own small overbought and oversold level. Like your second part of the chart. I would do exactly like you when trying to pick up next direction, but you are buying mini overbought and selling mini oversold and it's just enough to take your stop. It's happening to me constantly. It's just isn't good right now what we are doing. We need to cheery pick and then cheery pick again on that selection or do something differently like wait for little retracement before entry to save a stop. It just isn't easy.
Did you get a little tilted in second part, because first half of chart looks great?
ReplyDeleteWhen I look at your charts I can see that we have pretty much similar reasons why to take a trade. We like breakouts and starts of the move in certain direction. Lately there is so much less follow through then it was before (lately means year or more). It's at least my observation. Now it seams that it would be wiser when we pick general direction to wait for some retracement and enter on a dip rather then what we are doing so far. That is hard for me, I'm talking about it but walking the walk is another thing.
I for myself am starting to visualize every part of the chart as certain range so it has own small overbought and oversold level. Like your second part of the chart. I would do exactly like you when trying to pick up next direction, but you are buying mini overbought and selling mini oversold and it's just enough to take your stop. It's happening to me constantly. It's just isn't good right now what we are doing. We need to cheery pick and then cheery pick again on that selection or do something differently like wait for little retracement before entry to save a stop. It just isn't easy.
FX - Yes, I was tilted during that time. Thank you for all your comments because they've given me things to think about.
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