Hi @Jase12 thanks for your post. It would be good if you could...

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Phoenixx

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06/08/22

10:34

Post #: 62960252
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Originally posted by Jase12: ↑

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.

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Hi @Jase12 thanks for your post.
It would be good if you could post both of your CBE charts (again) to include the dates at the bottom of your chart, and include the timeframe 5min, 15 min, including the price on the right-hand side of the chart etc by taking a snippet of the whole chart. This will help me to interpret better and faster.
I have tried to duplicate your chart, and I might be wrong, but the timeframe looks like it is from the beginning of August - a short-term hold over a period of days, whereas I am trying to grasp the day trade concept - entry and exit

I don't want to hold overnight, and might hold for one day, in DayTrading
I have my long-term holds which are a different approach.
Keep posting your thoughts and we can all help each other
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