Muslim Holy fasting month - Ramadhan -- No live trades for a month

Its that time again, a month to collect good deeds for use during permanent life -after- death

Independent charts

Today I learned that long term term strategy needs synergy.
But tactical short term trading need independent judgment to execute effective order.
That's the difference in art of reading charts.

Seem contradict with common belief that a good trade is a hard to do.
A good trade is one trade that one easily recognise at one look at charts.
Don't force finding the trade, let it come to you.

Also, past loss experience save me from another loss today.
That's the difference of sim and live trading.
I learned more from live trading.

recap"
1) 3 workers -LazyBozz, PassingtheBuckManager and the actual worker :)
2) 1 Big and 1 small opponent
3) Hammer and nail
4) NIHL
5) Cross MA - no need to pullback confirmation but look at closing price support resistance.
6) Volume peak
7) Don't force finding the trade, let it come to you.
8) Each chart is independent authority in short term trading

Friday no volume - no trade

Failed setup as OHLC was more dominant

As the setup failed, my stop loss took control of things - stopping a much heavier bleed.
However, market then 'follow my direction' later...but dont count on it.

post trade- review

Right thing done:
NIHL identified succesfully this time

Repeat:
1) 3 workers -LazyBozz, PassingtheBuckManager and the actual worker :)
2) 1 Big and 1 small opponent
3) Hammer and nail
4) NIHL
5) Cross MA in min chart - no need to pullback confirmation
6) Pullback one AFTER Cross MA in min chart , esp wit NIHL
7) Volume peak
8) No MA for TICK, use parallel line only

Warming Up again

Trading is a skill that need a warming up after a break...
See coming Thursday

May Statement