Made mistakes and overcame mistakes to end the day positive. Allot of what I learn while trading is difficult to put into words. The hope is that I'll have tangible proof of lessons learned with a steadily rising equity curve. =)
After looking over your recent trading, I wonder how you use Bollinger bands. It seems like sometimes you take a continuation trade when price pierces the opposite BB, when you should be taking a reversal. Isn't a pierce and rejection reversal the proper way of using BBs? Just something for you to think about...
Keep up the good self-analysis, I'm still on a steep learning curve as well.
The main thing I use the bands for is determining the relative flow of the market. The bands are basically a high-lighter of the relative high and low of recent price that I like to have on my charts. I don't use them in any xyz mechanical way.
After looking over your recent trading, I wonder how you use Bollinger bands. It seems like sometimes you take a continuation trade when price pierces the opposite BB, when you should be taking a reversal. Isn't a pierce and rejection reversal the proper way of using BBs? Just something for you to think about...
ReplyDeleteKeep up the good self-analysis, I'm still on a steep learning curve as well.
The main thing I use the bands for is determining the relative flow of the market. The bands are basically a high-lighter of the relative high and low of recent price that I like to have on my charts. I don't use them in any xyz mechanical way.
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