Gentle Trader

Posts Tagged ‘sideway’

I had commited all day long to a meeting, so I was not supposed to trade. Day started with a sell off right to 1201.75, precisely touching a LVN in my composite chart. Text book!

First trade of the day could have been done right after sell off, when ES started to bounce:

Another long setup:

Then the market went sideways until the end of the day. I arrived in my desk at that time and tried to trade “just to make my daily target”. Wrong decision that costed me a few hundred bucks. Not really any setup was triggered, but I had in my mind I had to make the daily target. This completes second loss in a row.

No clear entry according to my setup. Market pulled back right at a Low Volume Node (LVN), which corresponded to 100% Initial Balance extension.

Cumulative TICK:

Internals:

Brazilian Market: