price action trading

[saakk]

Did 2 mistakes back to back went short below bull bar.

 

[saakk]

Reasons for going short below bull bar of 14.15
1. it is a breakout pull back short.
2. most important 14.20 bear bar is a is a long trap.

I did not took the trade because i waited for 14.20 bar to close and than price came very near to the days low and there was no place to get out, not even enough for a scalp.

 

[saakk]

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[saakk]

Richard Bach

"Do you have any idea how many lives we must have gone through before we even got the first idea that there is more to life than eating or fighting or power in the Folks? A thousand lives, Jon, ten thousand! And then another hundred lives until we began to learn that there is such thing as perfection, and another hundred again to get the idea that our purpose for living is to find that perfection and show it forth. The same rule hold for us now, of course: we choose our next world through what we learn in this one. LEARN NOTHING, AND NEXT WORLD IS THE SAME AS THIS ONE, ALL THE SAME LIMITATIONS AND LEAD WEIGHTS TO OVERCOME."


Jonathan Livingstone Seagull by Richard Bach

 

[saakk]

To go long or not if 2nd entry triggers???

 

[saakk]

2nd entry triggered but after a doji (not a good signal bar) with bull closing though, too much chop...... confuse......

 

[saakk]

Bad move bought above 2 dojis.....

 

[saakk]

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[arjit]

Dear Saakk,very nice trade indeed.Have you done some course of Al Brooks or read his book?

 

[saakk]

Dear Saakk,very nice trade indeed.Have you done some course of Al Brooks or read his book?

nop not done any course but read his first book.


regards