Chapter 2: Losing with Aaron

FTMO Trader Scouting
the golden gun said:
yeah i played this all wrong. wondering if i would've made money @ LO (i'm on a normal sleep schedule, just trading NY this week)
Click to expand...

I much prefer the LO.

I Shorted the Fiber for total of about 105pips (two positions). I would have held the second half until I saw that the Cable make a MUCH higher low. ie Bullisg SMT Divergence, which is not a good sign when in a correlated pair Short
 
rod178 said:
I much prefer the LO.

I Shorted the Fiber for total of about 105pips (two positions). I would have held the second half until I saw that the Cable make a MUCH higher low. ie Bullisg SMT Divergence, which is not a good sign when in a correlated pair Short
Click to expand...

what lined up for a LO short? I can't see anything obvious
 
263c3mp.png
 
Additionally, the reason I had a preference to Short the Fiber was bearish SMT Divergence (later reversed - hence bail)

Compare their LO_high to LC_high

Also, look for a fib - none to be seen.
 
rod178 said:
Additionally, the reason I had a preference to Short the Fiber was bearish SMT Divergence (later reversed - hence bail)

Compare their LO_high to LC_high

Also, look for a fib - none to be seen.
Click to expand...

That trade kind of makes sense to me, but not sure I would have had a lot of conviction with live funds.

anyway, a losing day, but ended with a winning "loss mitigation" trade, so nothing repulsive like monday lol

Wed. January 14: $59.73
 
the golden gun said:
That trade kind of makes sense to me, but not sure I would have had a lot of conviction with live funds.

anyway, a losing day, but ended with a winning "loss mitigation" trade, so nothing repulsive like monday lol

Wed. January 14: $59.73
Click to expand...

Now 'Wash and Repeat' and wait for an 'obvious' trade opportunity tomorrow.
 
the golden gun said:
aye aye, captain!
Click to expand...

maybe a Cable Long will set up tomorrow, although still to early to have a bias, also some H1 H4 OBs will have to he breached.
 
the golden gun said:
Did you make that indicator yourself? looks useful for seeing stops
Click to expand...

It is actually a script (tool). I only use tools that I create (or recode) myself.
 
You must log in or register to reply here.
FTMO Trader Scouting
Back
Top