I'm sure you've all read or heard the saying, 'trade what you see, not what you think'. Well, that's precisely what I didn't do yesterday.. I kept on wanting to go short yesterday whilst the market kept on wanting to go up. I took 3 trades, all short at various levels and got stopped each time. Look at the red arrows on my chart. I kept on thinking that the stochastics would turn and would turn the markets.
Two trades today. I shorted at 146925 as I saw the stochastics cross. However, I was a bit conscious that the market was so bullish today and any countertrend would be short lived. I took a measly 3 points. The next trade was a buy as the price action bounced off the 5 day EMA line. All day it had been above this line. I got in at 146850 with an initial target of 147100. However, when the market got to 147000, I took profit after seeing a heap of sell orders above this level. As soon as I
I got home a bit late today. There were some shorting opportunities around the 143000 levels today, a triple top pattern.. however, I was not about to take advantage of these. Anyway, I was quite patient today and entered a short on below the previous swing low at around 141875. I had just about opened my trading platform at this stage so couldnt put in an order to enter at below this level, when I had manually clicked sell, I had got in at 141800. I aimed for the 141500 level at the first
