Without going into gory detail, I know what to do, I just don't seem to do it - at the right time. 0 for 3 today, at the end of the day recognizing the trend was up but not finding an entry point.
First trade, at 9:43 short at 2221.25. This was "almost" a great trade (sigh). Although I had already missed the double top at 2234.50 which was confirmed below 2224.75 I did sell the uptic and got stopped out very tightly at 2222.75 (high was 2223.75) so I would have needed a 2.75 pt stop to not get stopped out. This trade, intact, would have gone for 28 points. Oh well.
Second trade 12:09 short at 2206.25, sold what I thought was a break of support, market reacted spiking downward which allowed me to move my stop down and it got hit at 2206.5 for a loss of .25 tics. Breakout was false and market headed higher from there.
Third trade 3:17 short at 2216.50 selling against an earlier high, got stopped out 2218.25 as market headed higher.
Market had been in a downtrend from 1pm, and at least I recognized that downtrend was over and it would move higher into the close, but I could not find a good entry around 2222, and move down broke support at 2217.50 which scared me off. Low print was 2216.75 and we got our double top 2231 after the close.
Rearranged charts today. Keeping the 1500 volume bar off to the side. Making the big chart a low number tic chart (39 or so for NQ) which is all price action all the time, and including 5 minute and 15 minute bar charts which indicate trend. Also using a 10000 volume bar chart to keep track of bigger picture trend.
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