Gotta stick to the plan (11 Apr) - closed

 So, after a long Easter weekend, I was back at trading for the day. I felt good, and looked at the charts. With the daily and 10M above the cloud, decided to go long. The hourly was below the cloud, but price was above the standard line, so it may still climb. 

I put in an 8-tick reversal and then noticed the double top on the 10M chart. It would be best if I could be on the same side as the hourly, so I cancelled the order and waited. 

Prices declined sharply and had one 10M close below the cloud, with the price below the Std line on the hourly chart. As it was just breaking the cloud, I did a 4-tick reversal and at 0744hrs Sad 1 x ZN @ 115'185.


And then, there was a strong close above the 10M chart. So, I exited for only a $110 loss (not full R). At 0831 bot 1 x ZN @ 115'220. Thought I was pretty smart getting out early and saving some cash!


Last update:


Price did come up, but didn't hit my stop and then melted. Missed the entire move.

Gotta stick with the plan and believe in your analysis. Things won't always work, but if you exit because you get chicken......


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