Wednesday 18 December 2013

Better Prep, Patience & Discipline

P/L: £+19.50     R +0.8

Just trying to do the Prep, have the Patience to wait for the correct trade and then trade it with Discipline.
Had a meeting so had to finish 30 mins early...

A HL - HH makes my initial bias long.
1.  Minor TLB prepares me for possible reversal at a test of trend extreme , but bias remains long.
2. Major TLB and LL changes my bias almost entirely short , but must stay with long until an unsuccessful BO of trend extreme (LH).
3. LH Short,  felt a bit early to me but following the PA which did look good. Good Entry, Good Discipline.  R 1.5
4. LH Short,  again felt a bit early, wanted a RL to 1.37694. "correct entry", "correct execution",  but would like to improve it.  My thought of waiting for a RL to 1.37694 was correct and also could have exited on tick above signal bar's high not waiting for ISL to be hit.  R-0.7
5. Major TLB and HH , but bias remains short  until an unsuccessful BD of trend extreme.
6. BW (pink elipse) WTF?! waiting this out.
7. there was another V messy LH short but it would have got stopped out.





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