I usually only trade 3 trades in a continuing sequence but today there seemed a disconnect between trade 1 and trade 2 so I started counting to 3 from what was trade 2, if that makes sense. As it turned out, the trend was one way - down - as I saw from the 45 CCI and both the EMAs. The market is back to 1129.00 as I'm writing this, but if we can break around 1125.00 with some decent order flow, we can go right down a zipper to 1118.00. Sadly I'm finished for the day (note to Kiki: work faster on the Kiki FlowBot).
As you can see, it wasn't rocket science today either. Just a nice retracement move back down with a number of pullbacks letting me re-enter after what were all in, all out trades. Why were they all in, all out? I had a number of distractions and it was easier to exit each trade, to attend to the distractions. Had you been short at trade 1 with a little size, there would have been no reason to exit your whole position, even now. Scaling out bit by bit as the ride continued would have been a good strategy if that was part of your trading plan. A close above the 33EMA with a close of the 45CCI would be a final good exit signal after the CVD had turned green.
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