Nothing can stop the recovery from the low. Or what level will stop the strong bulls?
Just a short overview today about the market and my futures trading:
Market
I faded the last weeks favorite idea of movement but (2) of my possible scenarios came true.
Now let’s see if:
- The 250 EMA or 200 SMA will stop the uptrend.
- Or the upper limit of the channel we’re entered again.
To see the channel, we have to take a look at the weekly chart:
And because the (1) is more probable for me this week, I drew the arrows again in the chart.
I think that it’s possible that we’ll stay again in this channel for some weeks to months.
Futures
This week I had too much influences because I heard from different strategies and of course, I watched those parallel to my trading and this killed my performance and trades.
But I have two important parts after analyzing my statistics in detail with Python graphs (mainly cumulative returns and probability distribution): I have to learn to get a high win rate with a hard stop of just 2 points. And I have to get more confident with my own trade ideas to give more room when trades are in profit.
But here’s again the performance – should be improved:
Last Week:
• Live account: -$59.82 (1 green day, 1 red)
• Paper account: +$246.65 (5 green days)
This Month (April):
• Live account: -$100.08
• Paper account: +$129.11
Cross your fingers that the next week I can recover some losses in the live account. 😉
Stay healthy, stay green!
