There's a reason why I haven't updated my trade journal since last week:
Nice right. I cut my positions going into vacation. The ones I didn't cut I should have and I eventually closed them
I'm doing some mental trading exercises and thinking a lot through my trading strategies, psychology and results. I added a small ONTY position this morning to help me concentrate on my thoughts. Here is how a work through a chart and make a buy decision.
ONTY:
On the monthly we had a gap ... monthly gaps usually do not last and this recently filled and bounced right on the monthly. We had a gap up on the early part of the month which has made the bar red. That said, this is a legitimate move that just needed to gap fill. That has now occurred as of yesterday. Today It bounced back hard. and I bought Entry 3.72.
Now to the weekly: Buyers fought off the breakdown attempt. The gap filled and rallied back up.
Hourly: RSI pops back from oversold levels:
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