Boom500(sell biased)
Boom500 template is giving out a sell signal. I’m waiting for the candle to close, create a 2nd candle and let that one also close to confirm that it’s really a sell signal.
Signal confirmed.
I took 2 sell trades and placed my tp @ the 4616.796 price level
I decided to take partial profits and closed my trades halfway of the full range.
Average signals we can get on Boom500 is 5.
Average signals we can get on Crash1000 is 5.
So that’s an average of 10trades per day.
So far with Boom 500 I got 2 signals already. Made a loss on 1 and closed another with partial profits.
Waiting for more signals from my template
Crash 1000(sell biased)
My template is giving me a sell signal and confirmation indicators are compressing meaning that the signal is valid.
I’m going to place 3 trade maximum on this one with the smallest lot size.
However, should my confirmation indicators start to expand, it would mean that it’s a change of character therefore, close my sell trades and look for buying opportunities.
This is the first signal of the day on this Asset class and as I’m monitoring the price move, it’s continuing to trade to the upside, contrary to my directional bias and when this happens and the price eventually takes out a spike, it either breaks even, it may slide down and put you profits or a small spike might come out and make a continuation of the opposite direction leaving you in losses as a result.
How I determine on whether or not I close my opened positions is if my confirmation indicators start to expand/open up.
I just got a spike, triggered one of my orders but didn’t put my positions in profit, as stated above. I just closed my trades.
On the M5 Timeframe, the signals I get are a bit too late for me to be able to atleast make $3 per position but on the M1 timeframe it won’t be hard for me to achieve that. This means I’ve been limiting myself 🥵. What I see on the M1 timeframe is crazy😂.
This just changed how I execute my trades and like I said, the ability that the M1 timeframe is giving me to enter early and hold my trades just makes me happy. I’ll use the M5 Timeframe to place my tp based on swing highs and lows.
I just got a sell signal on the M1 timeframe, opened 4 positions. I modified my tp to my last swing low.
Tp hit
Look at how price took out a spike below after tp was hit.. Now I just got a buy signal and I’ve entered.
After getting the buy signal a sell signal also came but because the first signal was confirmed, I held and price took out a small bullish spike. I exited my trades after making small losses because I held the trades thinking maybe another spike would come out but didn’t. The price took out a spike after I closed my positions.
Another Boom500 sell signal came out on the M5 Timeframe, a bullish spike came out and changed the whole direction
When I place my trades based on the M1 timeframe and I hit my tp, try to catch the M5 signal confirmation for a Re-entry.
Another Crash1000 sell signal
I just placed sell trades on crash 1000,4 positions, each having the potential to give out $1.
This is where I closed my positions because of the low found around that area
Each time after hitting my tp I’m exiting my trades even though price continues to go to my direction.
Another Boom Sell Signal
Entered with 2 positions, used 0.60 lot sizes on 2 positions. Price took out a spike after that signal to go and mitigate a sell side liquidity. Each trade ought to make $4 which is pretty good if you ask me.
Take Profit level hit.
Another Boom Sell signal.
I placed 8 positions with a 0.20 lot size
Take Profit level hit, profits secured.
Meanwhile on the Crash1000 asset class, my template has been giving out signals but my confirmation indicators have not been giving out any confirmations on the signals. That makes me sad but I understand that it’s unlikely for one to catch winning trades everyday. However, I’ll keep on monitoring the Crash1000 chart.
I’m calling it a day now. Today was a tug of war, a back and forth between profits and loss.
I’ll open up the charts again tomorrow at 4:05 am.
I did not hit my $50 daily target but made a a $4.19 loss.
We try again tomorrow
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