Both signals were clear, both signals had nice follow through, and I lost money on both signals.
The 12 tick stops were not wide enough to keep me in and I do not try and re enter until that move is over. In other words I have to wait for a new signal. This rule is in place to keep me out of my revenge trading mode.
That's they way it is with trading, sometimes it's all there and you don't get anything but pain. Which is why people change their plan over and over. I will just show up for work tomorrow and do the same thing.
13 Tick Renko Bar Crude Oil Chart (click on chart to view)
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