Hey guys,
So i've been journaling for at least 3 weeks now, and im back with a new one.
First of all i want to wish everybody a happy trading week. As i spoke about in my last journal, where i recapped last week, i spoke of a small gap that was gonna close this week. I knew for a fact that the market was gonna continue the bullish trend, so i was running a small trade since last week friday. As the market opened up for pre-market trading, my trade reversed and floated red for a few hours, but i had, what i suppose the right calculated Stoploss.
As the market progressed this morning, it came to my attention that the price did not past the $11580 zone. So, i knew that we were dealing with a strong support line, so i drew the line at once. I did not had to change my SL anymore, because the market was not surpassing that zone anymore, so it was just a simple case of patience and perseverence. My trade started running blue, and when the market started going haywire, they created one more openening for us buyers to step in. As we can see, they created a demand zone at $11620.
With all of this said, i was able to capitalize on two trades in total for today.
I like to think that i only trade based on what i want out of the market, and not based on ego. The setup was simple since last week friday, but as i always state, market dynamics are of the most importance when u have trades running.
For now i will wait until i take my next entry, because i need to strategize what to do next, see as the market is reaching a key zone.
Till then,
Happy Trading
So i've been journaling for at least 3 weeks now, and im back with a new one.
First of all i want to wish everybody a happy trading week. As i spoke about in my last journal, where i recapped last week, i spoke of a small gap that was gonna close this week. I knew for a fact that the market was gonna continue the bullish trend, so i was running a small trade since last week friday. As the market opened up for pre-market trading, my trade reversed and floated red for a few hours, but i had, what i suppose the right calculated Stoploss.
As the market progressed this morning, it came to my attention that the price did not past the $11580 zone. So, i knew that we were dealing with a strong support line, so i drew the line at once. I did not had to change my SL anymore, because the market was not surpassing that zone anymore, so it was just a simple case of patience and perseverence. My trade started running blue, and when the market started going haywire, they created one more openening for us buyers to step in. As we can see, they created a demand zone at $11620.
With all of this said, i was able to capitalize on two trades in total for today.
I like to think that i only trade based on what i want out of the market, and not based on ego. The setup was simple since last week friday, but as i always state, market dynamics are of the most importance when u have trades running.
For now i will wait until i take my next entry, because i need to strategize what to do next, see as the market is reaching a key zone.
Till then,
Happy Trading
