I am not feeling well today and I got in late as the result, so I didn't get a chance to trade the entire session. I'm not sure if I have hay fever or a really bad cold but either way, I feel like poop and that made it tough to stair at the screen for too long. Spring is definitely here though and it feels nice!
However, the trades I did take today worked out fairly well. I skipped a few that would have worked out but I got the chance to exercise my discipline a bit so that is definitely worth something in the long-run. I took six trades for a net gain of $415.60 on the TF. I kept to all of my rules so I am happy with the results though there is always room for improvement.
The tight trading range probably irritated all the trend traders but I actually enjoyed it because my strategy works well with these tight ranges and not so well with the big swinging trend days. But you never know when the market will snap out of the range and go against you so you have to trade accordingly when you're in the moment.
Tomorrow's trade will be interesting in terms of market direction. I've been thinking this market looks overbought but every time I say that, it proves me wrong. Though I will say that if tomorrow closes below Wednesday's low, I'd say the bears are taking control for the next few periods (speaking of the TF). But I don't really care as long as I am able to stay out of trouble. If the market is indecisive on direction, I'll probably stay on the sidelines to play it safe.
Out!
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