when WMT was down below the MA's thursday afternoon i was thinking
it has been a solid move and now ill just wait to get out. but i know with this 1 hr TF that you might be sleeping when you actually need to exit, which is why i avoid this TF and is what happened, along with the lack of liquidity for this stock overnight. it was still good practice for me. now im thinking i would have to exit when i see reversal signals if i wanted to trade this TF, instead of my usual close past 20 MA. ill show this finished chart to help explain.

im going to browse for day trades since thats the only way to get more practice(make more trades) but i would still prefer to do fewer/bigger daily trades.

WMT short entry

decided to short WMT. i would have shorted around 12:24pm at 53.70 but i didnt see it till almost 2pm but i was able to get in at pretty much the same price level. haha it just sank 65 cents while i was typing this sentence.good. Its hitting resistance in a falling channel, reversal bar w/volume, overbought and histogram was large. Daily 20 MA was resistance, hourly reversal signals, 4 min trend change w/MA cross. btw i considered using it but dropped RSI for now.

havent posted in 2 weeks but now i will try to resume my usual routine. i think i found another concept to use. so far it seems helpful but i still need to think it over more. normally i would have a specific set of time frames to watch together but now im thinking being rigid like that might be hurting me. After examining several bounces i noticed that the bounces my "rigid tf's" would tell me to skip, usually would have been good trades if i just used a different time frame. The idea is that if there is a bounce off an MA then i should find a clear signal to get in somewhere. Say the bounce is occuring in TF-5, then i would check TF-4, then TF-3, then TF-2....I would prefer using the biggest TF's i could but i am willing to get into a smaller/less profitable trade if it looks like the odds are in my favor. In the end im just going to be more open to trading various time frames.