Learning from my mistakes that cost me

#1

So i wanted to share my chart from a trade that i lost on today.

I believe i know what i did wrong however feel free to look at the chart and share what else i should have been aware of and or seen before entering this trade.

If i am not mistaken, when using the Elite MVP/APEX strategy we are supposed to wait for the 2nd bar to forum after we get an E/entry (long or short) indication, however i did not do this and it bit me.

was trading binaries, Bought several contacts on this market with over and hour to expiration, thankfully my stop lose got me out of the trade before it went completely away from me.

#2

Hey Chris,

For the APEX entries, it is 2 or 3 ticks above/below the “E” withing 3 bars. Based on that rule, there would be no entry here.

John

#3

If I got that wrong, I’m sure someone will correct what I said…

#4

Okay got it !!!

Thanks for the input.

#5

Hello

@jcostagliola is correct, entry is always 2 to 3 ticks above/below the E, so there should not have been an entry there. Also, when you see small APEX patterns bunched together like that, it is usually a sign of chop.

Nice job posting and marking up the chart, it’s the best way to learn. :slight_smile:

Peter.