Set ups I am focusing on
- Gap Downs
- Opening Range Breakups/Downs
- Context Play - including Trend Continuation (All Day Hold)
$GIS (Gap Down)
Got greedy and then started revenge trading. NOT GOOD! Only thing i did well was sticking to stops.Need to look at daily chart for big picture when trading. Writing was on the wall if i looked at the daily and waited at $60 for the short.
$CPB (Gap Down)
Great set up and was patient for rejection of VWAP. Liked the trade because of the way we had 4 candles run up to VWAP. Trade worked perfectly because of the 20MA. My exits where conservative as always but at least I sized out slowly. Should have held some for break of $59
I realised recently with futures that the best odds for successful trades is understanding multiple time frames before jumping into a trade. $CPB multiple time frames below illustrate that.