This morning I took one setup... it stop gunned me a little bit, took me out for -2.25 and then got me back in and popped for a TEXTBOOK +5.25. Done deal.
I screwed the pooch so often this week i'm sure the animal control authorities are on the way as we speak to put me in handcuffs and yet I was able to make money this week with this method. I took a loss I wasn't supposed to, I passed on over 25 points of profits through mismanagement, I wasn't live on the 10 point ES day on Tuesday, and I only traded two days and FIFTEEN minutes and I was still able to make money. Why?
Basically... it goes a little like this:
- I can identify pullbacks that are actually momentum shifts and avoid them (Never had this ability before).
- I have less risk on setups than ever before.
- I have more consistent entries than ever before (no more getting faked out into a market due to one candle!)
- I have more profit target options than ever before.
- I can catch runners and manage them (I've never traded without upper target profits that would cap runners).
- I have not one but THREE ways to get to par. Which allows me more safety, more of the time, in more conditions.
- MY SETUPS ARE SIMPLE. No divergence, no counter trend, stupid simplicity. Why complicate things?
We go to War on Monday. I'm going to make the SPOO's my bitch and I invite you all to watch!
Trade Results:
ES: +150.00
NQ: +0.00
3 comments:
Up +12 pts right now shorting the pops :D
Glad to see the new changes are working, that's great!
really enjoying your blog, good job improving your tactics.
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