Just before 3:00, I had a chance to sign in on the markets to paper-trade and focused on TNA since it was the one that popped up on my screen. I started marking the "What's Familiar" on the chart in little white lines... those candlesticks that have importance to me as likely indicators of direction change. While I did not take the short, I pegged the one at 2:55 pm and then watched it drop... I continued to watch and absorb what was printing in front of me... then, I felt that a surge was about to occur at 3:25pm so I went long and was rewarded with a gain. I sold too soon but am happy for the winner. The next candle was a near-doji and one of my personal indicators of reversal. I waited for confirmation that the 3:40 candle was going to clear the low of the 3:25 candle then went short. I exited too soon again with a scalp gain. The 5-minute time frame ended at the bottom of the candle so I jumped in long for the expected reversal... Sure enough, there it was and I picked up another scalp gain. Practice trading is fun when you feel like you are "zoning in" on market movement.
No comments:
Post a Comment
Thanks for taking the time to comment. I'll review your remarks and post on the site assuming they are respectful.