As I mentioned in the last post, a new Counter Trend Trade (CTT) was triggered, so I set up a new stack of trades. Here is the 30 minute chart:
Click above to enlarge
Here is the closeup on the 5 minute chart:
Click above to enlarge
As you can see, price proceeded to hit the target after my exit. This has been my primary issue with these trades thus far…exiting too early. I might have to learn how to be a little more “Zen” about it and let it take it’s course. Another way that I could do it is to take half of the positions off the table and let the other positions take their course. That way, there will be less stress involved.
The total gain on this trade was +0.8%.
If you enjoyed this article, you might also like:
Category: 
Tags: 
Hi Hugh, I was wondering what pivot indicator you use, it looks like it draws the previous days levels as well. Does it do weekly and monthly pivots. Would you be able to share this indicator.
Thanks, Mick
Hi Mick,
Of course, here you go:
http://www.tradingheroes.com/my-pivot-point-indicator
It does weekly and monthly, among other things.
Thanks for stopping by!
Hugh