Take all the setups that have worked well in the past, and write them down. Only trade those, and call it your plan. Add to the list when you find something WORTHY. You want to be looking at the market through the same lense everyday. YM is a highly leveraged instrument, and you should treat it with respect... All the best and good luck.
The moving average near 10425 was support. "the second time through" is a reliable setup. it seems right at 13:00 it breached the support for a moment, then popped back up... when a single one minute candle (i assume thats 1m?) CLOSED below it the second time, that was your entry short. You were on a long signal until the second break (the smaller moving avg were higher then the bigger ones). I can tell you had no plan, because you flip flopped.
Take all the setups that have worked well in the past, and write them down. Only trade those, and call it your plan. Add to the list when you find something WORTHY. You want to be looking at the market through the same lense everyday. YM is a highly leveraged instrument, and you should treat it with respect... All the best and good luck.
newboyace 4 months ago
The moving average near 10425 was support. "the second time through" is a reliable setup. it seems right at 13:00 it breached the support for a moment, then popped back up... when a single one minute candle (i assume thats 1m?) CLOSED below it the second time, that was your entry short. You were on a long signal until the second break (the smaller moving avg were higher then the bigger ones). I can tell you had no plan, because you flip flopped.
newboyace 4 months ago