So today is basically a confirmation that in its ideal form, my F.B against Level + VP Valley is a legitimate edge. It works.
Now the remaining issues are:
- Waiting for right set up, and not entering into sub-optimal setups (entering into weak setups)
- Staying in the trade
- Entering against instruments general direction and against markets general direction
Because the setup works, moving to lossless should be done less aggressively, and perhaps only at the level and not well into profit. For instance:
Here is another trade, that is basically identical.
Here is another super strong setup:
I also need to start looking at 5m chart as "bigger picture" view.
Exited NFLX too early again... trying to "win back" my bad morning trades... i am more or less even now, but I should:
- Hold
- Not enter bad trades after waking up
- Wake up earlier
- Go to bed earlier to wake up before market
Overall this was a pretty excellent trade entry.
Failed AAPL short in the morning:
This should have been a single failed trade. Totally manageable. Instead it became two.
The entry was ok I guess, but maybe I should have not entered. The History Support level you see in the chart was found just now, after the fact. Another thing to remember... enter only on levels that can be confirmed from the past or recently at such levels (new recent highs like AAPL is forming right now).
Soo basically this should not have been an approved trade. It was too deeply in the Maybe category other than I will be surprised if this doesn't work.
Sudden Epiphany
I've outlined every drop off zone in VP graph, and notice how chart reacts to each one of those zones... its almost always a reversal zone somewhere.
I think perhaps this is something I should be paying very close attention to when trading.
Todays Fuck Ups + Successes
