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Rejection of attempt on upper development within the 'balance' profile yesterday has me looking at the zone which yesterday low volume centred around 1444.50 yesterday as a potentially pivotal area today (or going forward):-

 

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long here at 1435.50 from 1434 support. About 3 times hit this support and reacted upwards, so hope it does it again.

 

Lost on that one -1.75. sitting on hands

Edited by goodoboy

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long 1434.75

 

reason: support is 1434, went down to make new lows (for now) and now I see if 1437 can break above.

 

Got out at 1437.25, Fair day today. Still ended on a loss, but i need to work on patience still and catching the first move cause from 12pm to 1pm, it was like playing tennis with this thing.

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Is it just me, or does anyone feel like a complete dummy, when you exit so soon. Totally my fault for exiting so soon. :crap::crap:

 

You're asking the wrong question. The question should not be, "Why did I exit so soon?" The question is, "Did I trade according to my plan?" The second question should be "Do I consistently exit too early?" Occasionally missing a big move doesn't necessarily mean your targets and trade management are incorrect. You could be spot on 90% of the time.

 

This also assumes that by "early" you mean you are leaving a significant amount of profits on the table. Like Joe Kennedy said, "Only a fool holds out for top dollar."

 

If you look back at your trades over a significant amount of time and conclude that you do, indeed, leave an inappropriate amount of your profits on the table, we can look at your targeting and adjust or perhaps replace your exit criteria.

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long 1438.25

 

reason: I have 1436.50 as support from price action. Watching carefully here. I want to see 1400 break above

 

Got out at 1443.25 as this 1443 area showed some resistance dis morning.

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Key things for me was the good rejection low at 35.50 and the VPOC above the low volume zone (from the cyan balance profile) ~ 1443.50-45.00. Overnight push higher is also useful to note with the high being exactly at the upper development high volume price 1453.00. What does this tell me? It suggests that we want to go higher but aren't ready to quite yet. Not surprising really when you consider that FOMC minutes are due out today and we have Sept NFPs due tomorrow.

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