On April 22, I bought Puts on AMZN by using 8, 55, and 233. I trusted my teacher and followed the rules and went for the trade with "real money". I saw it all line up, so I entered. The 233 showed me a good trend and 2nd candle opened below the 50-Day MA. The 55 was on the bottom bb, but I knew I had strength behind me with the candle count and the amount of running room I had on the 233. The broad market was behind me also. On my 55 MA chart, the 5 had already crossed my 10 and 20. The 10 was pointing down ready to cross my 20. Money Flow was down and ADX showed a continuation of trend. I had a HRFP on the 55 and the 233. I heard the scream, so I went to my action and sat on the piano until it came to me. At approximately 1:46, I entered the trade. I stayed in the trade for 2 NIGHTS! I was nearly washed out on the 23rd, but I had a little "change" in my pockets from previous day, so I wanted to see how the 2nd candle on the 233 would react. I was comfortable staying in overnight again. I got a little gap down on the morning of the 24th, but MF was turning up, so I exited the trade before lunch. A really good trade for me. The money was really good, but it felt so good to trade well.
I am in 6 big-chart practice trades, and have been for a period of time. I am all green, so I think I am kinda getting this Big Chart Trading. Well, I will take that comment back. The last time I said that, I had a huge losing trade the following week. I want to say thanks to Big Charts and Trendtrader for your contribution to the forum. I am like a sponge right now-thirsty for knowledge. My eyes are so tired of reading and backtesting, but I have to keep pushing hard-if I am going to get really good at this.
