Re: Skippers demo trading notes - How it went and what was learned?
Dont know where is my target, but only looking for 100p.
Target MAX Could be retracement down, so thats about it.
Hoping to see second wave up here... even there was a 100p for me
Are we looking a bit lower? I have a expectation for higer price.. yet again.
Market structure broken down? This is the hard part, you just have to wait and see what's going to happen.
Hmmm..maybe i have to get bigger picture and wait it to unfold. It just dont feal right. I'm going to wait this one going down and see from there.
Is it possible?
So, how it went and what did I learn this day?
I started my day still looking for higher prices according ICT's - MA (moving average) concept (video 4) as my leading guide. MA was looking good to me for the day so I was in a buy mode. Well, in time I did notice the market structure breaking down (picture 5) and in the end price was coming way down so I was just waiting what's coming. I did not find a decent buys I could lean on and was fighting the need to be a seller – Just wanted to see where my moving average buy mode would take me and was kind of hoping that last run up before coming this far down.
Well, I was not so surprised that my buy model would not payoff. Why? Well because if we look for that bigger picture (higher time frames) for past days, we have moved a long way up and had that big resistant level met early on at 1.3630. So it make's sense to have bounce down and maybe some down days. So been in a buy mode was like swimming against a tide. There was a moment in New York but could not see it lifting up, so my day was that little day at London where I did get some pips, and that only because I was reacting fast to close my deal. Well, after all, I was there for that “maybe 100p”

Now, for coming days ahead:
If you are using MA as your leading guide for the day, you still have to consider those big R/S lines in there.