November 11, 2020
3 winners, 5 losers
It seems I gave in to FOMO on a couple trades today.
I have a question about moving average crossovers if anyone would be so kind as to help me. It's regarding my first trade with CGC. The 200 MA was rising up to meet the 9/20/50 MAs and I took that as a bullish sign that could potentially result in an upward trend continuation due to the strong upward-moving 200 MA support. Please take a look at the behavior of the MAs on the various time frames and let me know how you would interpret them.
Today's notes:
Don't enter overextended. Wait for pullback.
Be careful entering after large bullish candle.
Be careful with overhead resistance.
Be careful with chop.
Set stop loss below lower trend line rather than MAs.
Don't chase.
Enter partial before confirmation of trend continuation.
Put stop loss below consolidation range low.
3 winners, 5 losers
It seems I gave in to FOMO on a couple trades today.
I have a question about moving average crossovers if anyone would be so kind as to help me. It's regarding my first trade with CGC. The 200 MA was rising up to meet the 9/20/50 MAs and I took that as a bullish sign that could potentially result in an upward trend continuation due to the strong upward-moving 200 MA support. Please take a look at the behavior of the MAs on the various time frames and let me know how you would interpret them.
Today's notes:
Don't enter overextended. Wait for pullback.
Be careful entering after large bullish candle.
Be careful with overhead resistance.
Be careful with chop.
Set stop loss below lower trend line rather than MAs.
Don't chase.
Enter partial before confirmation of trend continuation.
Put stop loss below consolidation range low.






