Price action was very slow moving in my opinion on the cash session. Took one, tried to scale in, ended up costing me today. I still think it is the right idea on the majority of days, and I trust my ability to spot entries.
Was also testing trading multiple DOMs today and new ATM management.
No use in forcing anything will call it a day, after giving much of it back.
Why not 8:34 or 8:53 (too fast i think) long trades or 10:05 short trades? Need to answer this.
Test ATM and multiple DOMs outside market hours. (seems obvious, right?)
Thoughts on trade:
Exited 1 at.21, just in case .20 double bottom held.
Exited next at .18, was predetermined target.
Exited .05, again, predetermined, and then .02, not sure why I moved target here, originally this was .91.
.08 and .11 additions were fine, but would have had to use a .26 stop, too much. Wait for the long signal to show and fail, then take it?
Seems original idea was fine, just needed to give it more room.
Update: also forgot about small trade early in the day, bailed with a few ticks, nothing noteworthy, was aggressive. (C2 on crack on this one?! odd price action here at 8:52, moved up enough to move my stop, then moved like 10 bars in a few seconds?)
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