@Veritas2000 I'm not making money, but I'm still in the game.
![wink.png](https://hotcopper.com.au/images/smilies/wink.png)
@mirrenThanks again for taking the time to post your notes on the MAY chart. I had a SMALL dabble in MAY today with your note in mind, mainly for the learnings. I looked for what I thought was the first green bar after the pullback (white arrow). I anticipated the SMA(9) (green line) crossing over the SMA(50) (yellow line). It's right around the VWAP (purple line), which I suppose is as expected for early in the day, with a high above, so I was thinking it's bullish. I had drawn in some support and resistance lines from the daily chart (red and green lines), which also made me think there was room for an upwards move after the current pullback.
![https://hotcopper.com.au/data/attachments/4234/4234694-8bccf0e06b1426c26480836226ee2233.jpg](https://hotcopper.com.au/data/attachments/4234/4234694-8bccf0e06b1426c26480836226ee2233.jpg)
I was trading it on the 30 min chart as the lower time frames looked a bit thin on volume. I bought some at 0.14. I had a trailing Stop Loss which I was managing myself. It was getting towards the end of the day, and I didn't want my DT expedition to turn into 100% Swing Trading, so I'd moved the SL up to 0.14 when the SP was 0.145 with a desire to close the trade intraday. Maybe this was a bit sticky. Anyway, I got stopped out and got a fill of 13.6, and a modest loss for the day.
![mad.png](https://hotcopper.com.au/images/smilies/mad.png)
I know we're doing DT to make money, not do trades, but I was thinking of this as part of my education. LOL.
![https://hotcopper.com.au/data/attachments/4234/4234712-5a087cc2350a28a2cb0b878e049690c0.jpg](https://hotcopper.com.au/data/attachments/4234/4234712-5a087cc2350a28a2cb0b878e049690c0.jpg)
Any advice on my process or the measures I used for analysis would be greatly appreciated.
Should I have just held this one, if it wasn't for educational purposes?
Cheers,
K.