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Hey, I used to be posting some stuff on right here earlier than, however obtained inconsistent. So going to attempt to submit my topstep journey on daily basis so I can replicate on what I'm doing flawed and higher my feelings. Basic technique is to take bounces of the 21 or 50 ema once they have been retested beforehand in sturdy pattern positions. First few days labored very effectively, was up 900, however right this moment I let my feelings take over.
Commerce 1 YM:
https://preview.redd.it/bucashmlipub1.png?width=390&format=png&auto=webp&s=c838c68f092fb34eb32bad46d510133dc35b574a
-2 earlier retests on 50 interval ema, took first entry lengthy going up, winner. Good commerce, however on first entries which aren't probably the most dependable.
Trades 2 and three YM:
https://preview.redd.it/baspa6qzipub1.png?width=679&format=png&auto=webp&s=ce361b2a340921fae687c0fdd4401d5a3b2728cf
Acquired overconfident after the primary win and thought I might begin selecting tops and bottoms. Tried to play a break and retest lengthy and misplaced. Then treid to play one other retest of 50ema. This wasn't a nasty commerce as such, big dogi upwards breaking off of the ema. Cease wasn't tight sufficient in any other case would've atleast been a BE commerce. Lesson is usually to not take entries until they give the impression of being actually good. Commerce 3 was an unfortunate loss although.
Trades 4:
https://preview.redd.it/mz2zholljpub1.png?width=630&format=png&auto=webp&s=ab6f242d7640623c56c789c1e4dd63d55c07513a
CL trending fairly strongly downwards, and had retested the 21ema twice, so I took the third break and retest, obtained stopped out. Lesson learnt, solely take 2nd entries or double bottoms/tops at key entry factors.
Trades 5,6 NG:
https://preview.redd.it/l6i58sx7kpub1.png?width=387&format=png&auto=webp&s=249f161d765411f03c183ba41916e6776d109128
Ng was trending fairly strongly off the 9ema so took the retest there.
First commerce was truly a second entry, so makes ssense that it was a winnner. Second commerce tried to take a brief on a very horrible sign candle. And put a large cease loss as a result of I'd gotten stopped out on the final one. Ended up being a fairly unhealthy loss.
General:
https://preview.redd.it/rqmlmgwkkpub1.png?width=955&format=png&auto=webp&s=7c12dda509c2da834531ab628de699d0102a55be
Guidelines for tommorow.
ONLY TAKE SECOND ENTRIES OF KEY ENTRY POINTS. 21 / 50 ema after earlier retest and powerful pattern. Solely take second entries on sturdy affirmation candles, AFTER THEY ARE FULLY FORMED. Hold your cease losses wider than you suppose.
Hopefully can follow my guidelines tommorow. Good factor it's solely the sim account.
submitted by /u/Apprehensive-Phrase8 [comments]
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