Keep Calm and Don't Move Your Stops.....

A little risk management saves a lot of fan cleaning!

The Purpose of Life is Joy!!

Tuesday, December 13, 2016

+.75%

Missed the obvious trade at the top. The double top, yesterday's VWAP.....sheesh. It was a "money in the corner" trade. Got there just a bit to late. Tried to fill one but it just wouldn't go back there...almost but not quite. Watched a 4X trade happen without me. 


Trade 1: 1.5RR Got long at the 50% pull back + VWAP. Exited as it begin to stall.



Missed a 3RR trade off the VWAP as it tested it for the second time but I was less sure this time around and slowly shifting my bias short. As price tested the break down area near the high, I shifted completely to short. 

Trade 2: Entered short and was rewarded with an exit back at VWAP for 3RR. It's still going as I write this but the VWAP exit was the planned exit as I was sure it would make it there but past that, I didn't really have a good plan for anything more and I'm pleased with the trade planning and execution overall so good day today. 



Just a side note. I'm watching this 15M chart but using a much smaller time frame for entries to help keep the risk small. That one is pretty messy so I'm only posting these 15M charts so show th elevels and my thinking. 

Done for the day. Time to hit the books. 

Total for the day +.75%