PL: +0.4 / £1 CAP: £2423.29
Trades:
1. -0.4: Buy on PB to D1 S using CAPH, exit: CBPL, poor RRR to 252EMA
2. +1.2: Short on Shooting star at prior resistance, exit: discretionary.
3. +0.1: Short on close below D1 S, exit TSL, should have took profit on 4 bar drop.
4. -1.0: long on BO above 252EMA, exit ISL, unlucky. on BO place ISL at prior low. ATG
5. 0.0: Short off Fib 23.6 on CBPL, exit discretionary due to time it was taking.
6. +0.5: Shorted the stretch above D1 R on the close of the shooting star.
The trades I would have liked to have got in on are...
A. Shooting Star short of R (got this one)
B. This kind of "W" OE from D1 S was ripe for a RL back to D1 S / 252 (missed)
C. This HM PB at 252EMA would have been a nice continuation. (kind of got this with trade 4, should have waited for a pause/PB)
D. would have liked to Bought this start of a stretch on all confirmation, close above D1 S, 252 and RL. (missed)
E. Short the stretch into D1 R (got this one)
Notes:
Volume didn't actually pick up till around 0730GMT which would have been a better time for me to start, also it started to dwindle around 0930GMT which would have been a better place for me to finish the session. This is what I do for the the US session (start half an hour before the open and trade for 2 hours), makes sense to do the same for London. Times 0730-0930 , 1330-1500 ATG
There's some bend in D1 S&R levels, you can trade through them a bit. They're likely to snap back but you don't have to be obey them too rigidly. These stretches can be capitalized on, you can trade the stretch and the snap back. Look for the Stretch and Snap ATG
Can enter on PB to 252EMA. can trade PB/RL off 252EMA ATG
2:1 is too big a target, you kept getting some nice 1:1;s then giving most of your gains up. anything around 1:1 is great. 1:1 is good RRR
Summary:
You've got to expect price to stretch S&R a little. Trade the stretch thru S&R and be prepared to trade the snap backs too.
Trade with the trend (stretch) on PB and RL to 21 /252 using CAPH, CBPL, HM and SS as entries.
Trade counter trend (snapback) on OE PB and RL from S&R again using CAPH, CBPL, HM and SS as entries.
Really happy with breakeven, a step in the right direction.
Trades:
1. -0.4: Buy on PB to D1 S using CAPH, exit: CBPL, poor RRR to 252EMA
2. +1.2: Short on Shooting star at prior resistance, exit: discretionary.
3. +0.1: Short on close below D1 S, exit TSL, should have took profit on 4 bar drop.
4. -1.0: long on BO above 252EMA, exit ISL, unlucky. on BO place ISL at prior low. ATG
5. 0.0: Short off Fib 23.6 on CBPL, exit discretionary due to time it was taking.
6. +0.5: Shorted the stretch above D1 R on the close of the shooting star.
The trades I would have liked to have got in on are...
A. Shooting Star short of R (got this one)
B. This kind of "W" OE from D1 S was ripe for a RL back to D1 S / 252 (missed)
C. This HM PB at 252EMA would have been a nice continuation. (kind of got this with trade 4, should have waited for a pause/PB)
D. would have liked to Bought this start of a stretch on all confirmation, close above D1 S, 252 and RL. (missed)
E. Short the stretch into D1 R (got this one)
Notes:
Volume didn't actually pick up till around 0730GMT which would have been a better time for me to start, also it started to dwindle around 0930GMT which would have been a better place for me to finish the session. This is what I do for the the US session (start half an hour before the open and trade for 2 hours), makes sense to do the same for London. Times 0730-0930 , 1330-1500 ATG
There's some bend in D1 S&R levels, you can trade through them a bit. They're likely to snap back but you don't have to be obey them too rigidly. These stretches can be capitalized on, you can trade the stretch and the snap back. Look for the Stretch and Snap ATG
Can enter on PB to 252EMA. can trade PB/RL off 252EMA ATG
2:1 is too big a target, you kept getting some nice 1:1;s then giving most of your gains up. anything around 1:1 is great. 1:1 is good RRR
Summary:
You've got to expect price to stretch S&R a little. Trade the stretch thru S&R and be prepared to trade the snap backs too.
Trade with the trend (stretch) on PB and RL to 21 /252 using CAPH, CBPL, HM and SS as entries.
Trade counter trend (snapback) on OE PB and RL from S&R again using CAPH, CBPL, HM and SS as entries.
Really happy with breakeven, a step in the right direction.
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