shorting on paper at 832.7 after 3 bump pattern.
set up Fib Retracement --- so target is around 828 --
/cl - did a 61.8% fib retrace and now has broken the TL - back under 86.
sold /tf - premarket +11 ticks.
Looking for a spike up in first 5 min. But /cl is giving most of it back -- nice tell it's not all roses.
/tf 828-- be funny if we touched this pullback target.
/tf 833.8 - -new highs -- TREND UP DAY 834....
too many shorts getting piled drived.
Need to recognize-- we broke out of the Range. That game is OVER. New game. New rules.
/tf - new highs TREND UP DAY -- this is not rocket science.
Trading is SIMPLE but not easy. Traders lose by overcomplicating a simple system, striving for perfection, when all winning systems MUST incorporate constant losing.
/cl 85.31 -- was a stophunt double bottom from yesterday -- PUKE it up.
going against my clear read of TREND UP DAY -- why?
/tf double top -- internals strong.
CRUS _ strong off downtrend b/o. Will have to watch for entryswing.
/tf -- 5 min candle -- TL formation to downside and finally a break to UPTREND line on 5 min/ 5day chart /tf -- and bounce.
The KEY pattern was the double top /tf. After a puke candle.
Keep it simple.
What I did well was identify the top -- had a good TZA entry.
What I did poorly was OVERTHINK my analysis and take off the trade instead of finally allowing a winner to run long -- right here -- where it would have wiped out all losses for the day.
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