040913 Use the GUIDE! you DINGBAT!

P/L: -1.6% / -£37.94  (should have been -0.2ish) CAP £2389.78

Trades/Analysis:
A. H1 Trending =  respect 252
B. Price needs to RL to 252 after clean BD of it.
C. Trend weakness : Failure To Make New Low - Able to Make New High
D. Rev to 252, didn't trade as poor RRR.
E. LSH,  didn't take as open of confirmation same as W1/MN S
1. REV from 252 (-0.4),  exit 8SMA, should have used close abv prior high  for -0.1 loss.
2. HSL (-1),  exit ISL,  Fault price needed to RL to 252 after clean BD,  this was because I was not using my guide when entering trades. 1. Mark every BO/BD of 252. 2.  use guide for every setup add to guide.
3. REV thru 252 (-0.2), exit CBPL, Entered trade late because feeling edgy about last setup and mistake. Out of room when finally decide to take trade so used MT4 app to place trade (got slipped to fuck, confirmation time took nearly 10 seconds. Won't be using that again)
3 losses in a row  =  stop trading for day!
F. NOT A REV thru 252,  wanted to make a not of this because it initially looks correct but infact the PB to the 21EMA (trigger) was not a PB because price did not close above the low at the 21EMA.
G. REV  thru 252.  Dubious because the 50 and 252 were all out of whack.  Was going to leave this out but thought strictly it is a trade.  exit would have been CBPL. (-0.2)

Notes:
H1: Direction /  Entry : don't know got a basic strategy here but want to firm it up.
Stocks:  can I make stock investing the same in my head as property investing.
Exits:  
Long =  close below prior low (not SS / NRC)
Short = close above prior high (not HM / NRC)
TSL:
Long = close above prior high,  track prior low (not SS / NRC)
Short = close below prior low ,  track prior high  (not HM / NRC)

Summary: Guide worked well,  1st trade was correct, but could have got out slightly earlier for small win, 2nd trade shouldn't have been traded because of prior weakness (personal error, not using guide),  3rd trade was correct and trade-able, unfortunately I didn't enter when i should have and got slipped, so BE trade ended up as small loss ( again my fault).  Personally did not perform well as I did not follow my guide! Positives - money management good, setup identification good. Negatives -  ability to check the setup against guide before entering!