Thursday 3 October 2013

031013 working the stretch and snap to (and off) S+R

PL: +1% / £25.06   CAP: £2448.35

Just looking to get the potential stretches from S+R and the snap(back)s to them.

Trades: 
1. -0.0 Short CPBL at D1 R (stretch) into 252 area , exit on formation of HM.
fault1 started b4 0730, fault2 hadn't marked 1.36 on chart! ATG
2. -0.1 Buy (cls abv) HM at 1.36, (snap) back to D1 R ,
fault1 screwed the exit got greedy, fault2 probably should have bought the HM formation. ATG
3. +1.2 Short (formation of) SS at D1R(stretch) into 252 area,  exit discretionary 1:1.


Trades I would have liked to have got into...
A.  HM formation, snap back into D1R (got this one , but screwed exit)
B. SS formation, stretch into 252 area (got this one)
C. BO Failure of continuation, snap back into D1R ( missed it but recognized it).


Notes:
Managed to stay out of nasty hi wave candles at end of AM session.  Just adopted an "if I'm not sure, wait, if there's no clear stretch there's no clear edge" strategy. ATG
Applying the principles of The Science of Getting Rich that I have recently finished, making a difference to my out look.
Struggling to find an edge on the H1 TF.  Thinking of applying the same kind of method that I am now using intraday (Stretch and Snap).

Summary: Super happy with today's results and effort. Another step in the right direction.  Off this PM and tmrw due to family commitments. 

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