Nice day today, took the boy to his 6:30 am hockey practice, went to Tim Hortons and got a coffee, came home and did some reading, opened charts, saw a strong signal, entered as planned, trade hit target, puffed out chest with pride, and then.......
Then I started to fiddle with some charts. No problem we traders always fiddle with charts, nothing major, brought up a 15 minute chart to look at this huge downtrend we were in, yep it's a huge downtrend, not sure why I needed the 15 minute to see that.
I have had a tick chart up for the past few days with my 2 minute chart study on it and have been tracking the results of my 2 minute trades with and without agreement on the tick chart. As I brought up the new 15 minute chart I must have re arranged the order on the monitor. I always have the chart I'm trading on the right hand side of the monitor so it is next to the DOM on the left hand side of the other monitor.
Somehow the tick chart wound up on the right hand side. I took the next 2 signals for full stops thinking I was seeing them on the 2 minute chart. Was also thinking I'm on to something here as there was no congruence on what I thought was the tick chart.
So in fact what your humble scribe (can't call myself a trader today) was doing was taking signals off the tick chart and looking for congruence on the 2 minute chart. Exactly the opposite of what I'm supposed to be doing.
Let's just keep this between ourselves.
Now the 15 minute chart is back in the bin, the 2 minute chart is back on the right hand side of the monitor, and I promise to leave well enough alone.
You can't see if my fingers were crossed when I promised that though.
This was the only valid signal, yes it was blue on the tick chart as well.
2 Minute Crude Oil Chart