P/L: -1.1% / -£29.84 CAP: 2573.40
Trades
A. BD of 252EMA but no return RL = I must wait for a touch of the 252EMA before I trade.
B. BD of UWTL after touch of 50SMA frustrates (+2).
C. BD of UWTL after touch of 50SMA frustrates MORE! (+2).
D. Finally get to setups "1&2" but invalid because of "A"
1. HSL (-0.5), exit close against 21EMA
2. SS (-0.4), exit close against 21EMA
3. BD of UWTL after touch of 50SMA, DESPERATION TRADE.
E. Price finally RL's to 252EMA!
Notes
BO/BD TL after touch of 50SMA does look effective, is it a setup I can use? NO the long and short of it is you've always sucked at trendline setups because they rely on the discretion of the viewer. Your current setups are all exact parameter (no estimation) this is why you can execute them. Bringing in a dubious setup just because your greedy is not clever or a good idea.
You were just unlucky with price not RL to the 252EMA, it did eventually and you should have stuck with your initial idea of looking for trend reversals (longs) back into the 252... just like you did on the 240713 when you got one trade in the morning then had to wait all day for a reversal back into the 252.
Summary: Well I fucked it today, prep was good a but a disaster following the rules. I got frustrated then really frustrated then got sucked in. Even trading a setup that isn't in my rules! Hugely disappointed with myself. The positive is that the rules/guide work.
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