CHU entry

GOOD DAY FOR ME, even though my trades were so-so.

i entered a short for CHU, its probably riskier than i will want later but its following the concepts that i just realized i should follow. More curious than anything on this...

lately i have been looking for big down bars that are breaking out of 2 ema's, with the other side of the channel as the target. thats all great but i think that whole setup is more of a specific kind of trade out of the several that i should be looking for.

ADDITIONS: 200 EMA

CHANGES:target is the very next EMA or TL in the way, not just the "other side of the channel". a large bar can breakout of or touch any EMA or TL for entry. stop loss can be at EMA or TL behind entry bar.

I think lately i have been making the mistake of looking for home runs. I was only asking to enter at one side of a channel and exit at the other, but thats basically a home run and too rare for me to even aim for. And instead of "getting the ema's out of the way" cuz they can slow down or reverse my trades......i can use them as targets. The trades i get into would almost always move to the next EMA, at that point they might stop or reverse but they still moved to it, thats why its a good target. thats what daytrader rockstar does. he gets those small thrusts between EMA's or TL's.

My trading will all be the same except for my entry checklist. So reasearch is all the same except i will want the ema's/tl's ahead to be spaced out so any potential trade could move. Im still going to look for shorts when market is at resistance.