Kumowizard
Long

Small pull back may be over

CBOT:ZC1!   CORN FUTURES - ECBT
54 0 1
- Ichimoku setup is neutral, with bullish bias in the forward Kumo
- Heikin-Ashi prints a doji candle today, haDelta may deliver a cross above its SMA3. Watch haDelta and haOscillator
- Support zone is still 335-338, while the key resistance is at 348. A break and close above 348 could open space for a larger bullish move.
- EWO             is mild bullish

In last few days I had bid orders around 335-336. Unfortunately did not get a fill. -> here comes the mental excersise: buy higher? If yes, what's the highest level and the size that doesn't threaten a good risk/reward?

You have to enter trades like this with the worst case scenario: book the maximum possible loss on your trade in advance! :-) You must have a proper trade journal, and a sheet for your active trades, with all the realised and unrealised P/L numbers to measure all possible drawdowns of all positions.
Trading is not about winning, it is more about not losing too much at once! Trading is about risk management, and how you deal with individual and portfolio level risks/rewards.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out