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KurdmanAug 01, 14 4:19 PM
I need to re-examine this strategy - none of these nhod b/o has worked for me. Not sure if I am miss-reading the chart or missing theory in some manner.
T26: nhod b/o Trade TRADE COMMENTS: Should have kept an eye on the volume - 20/20 hindsight can see now that there was little momentum to carry the trade (Watch momentum) LEARNING: While I did not watch the volume going in POSITIVE: I did have a sense that the trade was going nowhere and got out (V.Good sense and cutting losses when a trade does not do what you expect) Cut losses!!!
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Broker:SureTrader
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| Date | Price | |
|---|---|---|
| Entry | 7/31/2014 | 6.74 |
| Exit | 7/31/2014 | 6.7301 |
- Total Views476
- Position Size400
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ZenyattaAug 01, 14 6:49 PM
One possible entry (hindsight so perfect) was the close of the high 1 bar a couple bars before your entry. The bars were getting smaller with long downward tails closer to your entry, which looks sort of like a selling climax. I've never had much luck with new high strategies and am more comfortable trading a countertrend scalp at new highs. GL
ZenyattaAug 01, 14 6:50 PM
Oh also highly recommend Anna Coulings "Price Volume Analysis" it's pretty simple stuff but has made me a better trader. Well worth the 25 bucks or so imo
