It is currently 4:08 and I am up again. More posts that ought to be made will automatically update this blog post.
Waiting for a sell signal on boom. It won’t be long until I recieve that.
I see that Crash1000 is also starting to fall, I just hope I’ll be able to execute some trades on this Asset class
Boom500 (sell biased)
Just received a sell signal and it’s been confirmed. $1 by the time price hits tp.
Boom500 (buy biased)
A buy signal just came out and it’s confirmed. I opened 1 position with 0.40 lot size.
The opposite signal that came out also just got confirmed. Now when this happened yesterday and the day before, price went in favor of the 1st confirmed direction. I’ll decide whether I’ll hold or close my trades in a few…
Another sell signal just came out 3minutes after the 2nd buy got confirmed but never spiked.
Sell signal just got confirmed. I’m going to treat it how I treated the first trade I opened, until further notice.
Guess what😭 I exited my trades too early
Another buy signal just came out but it didn’t take out a spike. My template gave out a sell signal 5min after that and this sell signal is also a valid signal. I would enter with buy trades but I’ll just wait this one one and see how it pans out.
I do not want to be put in deep losses however I still think it could take out a bullish spike/go to the upside.
Just the reason why I chose to sit this one out. Price has been falling down for 12 minutes and then just took out a doji kind of bullish candle which fulfills the buy signal that we got before this bearish range.
I’m looking for a buying opportunity from here. How this system works is simple. After getting a buy signal it’s going to give out a sell signal and after a sell signal it take out a buy signal. I just have to do my deep work and check if the signals are valid or not and take it from there.
Just got another valid buy signal but price never took out a spike. My template gave out a valid signal 6minutes after the buy signal. Now this is the 3rd sell signal that we get shortly after the template gives out a buy signal. Normally it doesn’t take long for the price to go to the upside and trade higher for a couple of minutes but because this market is bearish on the M1 timeframe in a way that price has created a retest of the H1 channel it broke out of and it’s still in that retest position. We can see based on the pictures provided below that price broke out of the channel. The H4 shows this clearly whilst the H1 and other lower timeframes show a retest pattern movement.
Boom500 (buy biased)
The M5 Timeframe just gave me a valid sell signal whilst the M1 timeframe is also still bearish. I entered my trades with 4 positions, 0.40 lot size. Although I don’t use the M5 Timeframe so much, I understand the bearish sentiment that we have currently so yes, it’s something I can risk my money on.
Closed my trades with partial profits. I have to close my sells with partial profits because of the buy signals the template gave but price didn’t respect because of the trend. Anything could happen therefore it is important that I take partial profits.
Crash1000 (Buy Biased)
My template just gave me a valid buy signal confirmed by my signal confirmations. I opened 3 positions, 0.20 lot size and placed my tp @ the highest high of the downtrending range.
I also see that price mitigated a 15minute timeframe bullish Order Block when I look at a clean chart.
I took partial profits.
Time for my morning jog, I’ll be back in 2hrs tops.
Hello… I come back👋😁
Just had a fruitful morning workout session
Mind is fresh and I’m ready to eat more pips.
As I analyze what price has been doing, I see that my Boom500 template took out 2 signals, a buy and a sell signal. The last signal we got is a buy so I’m expecting to see a sell signal after this.
Regarding Crash1000, we had another buy signal that was given by the template I use for Crash1000. It’s in no position to give out any signal right now.
Boom500 (Sell Biased)
My template just gave out a sell signal.
Tp hit
The template just gave me a valid buy signal on the M1 timeframe. I placed a buy trade, 0.20 lot size.
Closed partial profits
Boom500 (Sell Biased)
I just missed a buy opportunity. I was making a change of venue. However, I just got a sell signal from my template and this sell signal will be a quick in and out because I got the signal next to a low that has not been mitigated and we do know that price tends to make a turning point on swing lows.
Exactly 3minutes after I closed my tp a spike came out. See the chart below.
My template just gave me a buy signal on Boom500 and I’m entering with atleast 4 positions of 0.20 lot size.
Price just took out a valid sell signal. I placed one 1.00 lot size of a sell directional bias whilst I held the buys I opened because price hadn’t taken out any bullish spike as yet. Whilst holding the buy positions was a good judgement, the sell trade I opened did not go as anticipated. I was hoping that the price would hit tp before taking out a spike. But because this wasn’t a normal sell opportunity, price can turn at any point as opposed to normal circumstances where it would take out a spike after reaching a swing low.
My template just gave me a valid sell signal. I opened 3 positions with lot size 1.00. See the chart below.
It’s the first half of the day and I made half of my daily target($50 per day). Growing a small account needs one to be disciplined in the way they trade. I’m greatful that it’s finally paying off. Below is the amount of profits I made today already in dollars.
Not me missing this beautiful wave to the upside😭😭😭😭
Boom500 Sell biased
My template just gave out a valid sell signal confirmed by my indicators. I opened 4 positions and expect $3 per trade taking into account that I used 1.00 lot size.
Took partial profits.
Risk management
Remember I mentioned that sometimes when the template gives out a valid signal, the price trades against your directional bias till it eventually gives out a 2nd signal contrary to the one received first. I did mention that I have to hold positions opened based off the first signal but now as my account grows I have to use adjust my volume based on buy and sell trades because they are to be treated differently in terms of risk management.
I mustn’t use lot size 1.00 when placing buy trades but rather I ought to use lot size 0.20 because I wouldn’t know how long I would hold the running trades.
With sell opportunities it’s different because it doesn’t take price more than a minute to place my account in profits.
So lot size 1 will only be used when executing sell opportunities. The amount of positions I ought to open will be determined by my account size.
Boom500 (buy biased)
The template gave out an invalid sell signal then gave out a valid buy signal. I entered my buy trades and as I held the trades, the template gave out another invalid sell signal and immediately the price took out a spike.
I think I’ll just leave it there for today. Besides, I worked 4am to 4pm today. I’ll open the charts again tomorrow at 4am. Job well done.
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