Thanks for the encouragement MIrren. Reflection is a big part of my process as well as watching other traders and how they manage trades.
I traded CBE from 16c-19c using a combination of charts and price action. I get hung up on the register and watching the depth way too much and it hasn't been working for me at all. I have since tried really hard to work more with the chart and I have found more success with this.
On CBE I entered when I saw 16c being attacked and I could see it was going to be broken so I took a position. Exits are harder for me but I sold using the price action, selling pressure shook me out but I am a nervous trader so have a lot to work on here to improve my trading. I love moving averages but don't tend to use them as much intraday as I do zoomed out, 50ema especially I am coming to love. Looking at the chart I maybe could have bought again instead of selling and waited for the 8 and 20 to cross. Easy to say but harder to execute under pressure. 1 minute charts are dangerous to me and I am experimenting with 5, 30 and 1 hour charts to try and cut out the noise.
- Forums
- ASX - Day Trading
- Day traders' weekend lounge August 5-7
Thanks for the encouragement MIrren. Reflection is a big part of...
- There are more pages in this discussion • 98 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)