sorry, my first trade is bot at 61, stop out at 59.75, using 3 min chart, but it reversed, second trade is bot at 61.75, out at 62.25, this 1 i did not post. 出去修车,回来晕了,
1. Opening. took long at 1061.75 for ES gap fill. out with 1 point and even.
2. stop buy at bar 31, for 2 points and even. Now I feel bulls suck
3. didn't have time till around 3pm.
4. limit buy at bar 71 at 1051.5, stop out at bar 76 for 5 ticks. This is bad trade.
5. short close of bar 78 for MM down, failed wedge.
I think all MAD/MDD in August don't count, the trading is too thin. Not a bad idea to trade lightly or take some days off till labor day weekend is over.
I am surprised you didn't take scalp for your first trade, at least part. Bulls failed several times over there.
ES gap is for 2 points, so I guess taking part for 1 point is OK.
我以前就是take profit too quick and small, and also i change my target and stop loss all the time, so now i change my habbit, try to keep it as long as possible and stick to my original plan. See how it works.
Why bar 78?
I think bar 76 was a good entry bar.
Bar 74 was a strong bull trend bar in bear market, it is one of my faverate. When I see this kind of bar, I will prepare to fade it.
unless you bet the market sold off to the close, I wouldn't take short at bar 76, you can argue that's bulls' stop. But people shouldn't use bar 74 as long entry.
after market breaks out, actually it's pretty safe to buy or short at the close of the break out bar till some targets got reached.