Macro- downtrend
Micro- uptrend
Intraday- ranging uptrend
1d:3m (Futures Trades) Trend Continuation, Trend Continuation, Trend Continuation, Trend Continuation
1d:3m TOS Chart (Futures trades located within oval)
- My first trade was a nice 6 point move to the downside looking for continuation but we spiked back up higher immediately. This was the first signal that continuation will not be good today. When the moving averages are all crossed and ugly then yeah no shit there will be hardly any continuation. I completely deleted my entire first good trade with only 2 bad trades where I was looking for continuation lower again even after we broke back above all the moving averages. Also when we are in a micro uptrend then its probably not smart to short the bottom of the range hahhaha. If anything longing the bottom of the range would be decent but still even then its just very tricky.
Lesson:
NEVER Short the bottom of a range when in micro uptrend. Always know what the micro is and pay close attention to it. Without knowing the micro trend you will end up taking stupid trades over and over again because you have no idea where the underlying pressure is