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, June 13, 2017

Scratch day

A directional move to the short side followed by a V bottom to new HOD....followed by sideways chop. Essentially a non-tradeable day. There was one short I could have taken that would have worked out well but I was otherwise occupied with this project....After the V turn at the bottom, I shorted near the highs for a smallish win followed by another short for a smallish loss. Overall a scratch for today.

A few days ago, I broke down and bought Fin-alg's VP and TPO indicator for ninja trader. Its not as robust as Sierra Chart's but its close enough for my purposes. Haven't traded with it yet, but its handy to have for sure. Working with those levels gives you something to lean on to set up your trades. Price action needs to confirm these levels of course but its nice to have.

No trading yesterday as I had a doctor appointment in Phoenix which takes all day since I have to drive 3 hours over and 3 hours back plus at least an hour at the doc's office plus whatever else we want to do. Turns into a 10-12 hour day most of the time.