PL: £-20.16 R -1
SUMMARY
Tried a simpler method of price action preparation today... it was seriously frustrating because it was too slow, so I was always 2 steps behind market action. I was basically waiting for a close below a Higher Low to confirm a down trend, a close above a lower high to confirm an uptrend and thinking of entering on a PB (long) or RL (short).
Series of HLs = looking for longs
1. H1 long, had to hold through PB (5 mins of pain), going smooth then Bam ISL hit. Poor Trade because Price preparation was too slow. R-1
Had I used my unadjusted Price action preparation method of TLs, TLBs with HLs and LHs I would have had a far happier day....
Series of HLs = bias long
1. TLB = bias turns short, sell on next RL...
2. short on L1 after TL break, good trade. R 2
3. TLB = bias turns long, buy on next PB
4. long on H1 after TL break. R 2
SUMMARY
Tried a simpler method of price action preparation today... it was seriously frustrating because it was too slow, so I was always 2 steps behind market action. I was basically waiting for a close below a Higher Low to confirm a down trend, a close above a lower high to confirm an uptrend and thinking of entering on a PB (long) or RL (short).
Series of HLs = looking for longs
1. H1 long, had to hold through PB (5 mins of pain), going smooth then Bam ISL hit. Poor Trade because Price preparation was too slow. R-1
Had I used my unadjusted Price action preparation method of TLs, TLBs with HLs and LHs I would have had a far happier day....
Series of HLs = bias long
1. TLB = bias turns short, sell on next RL...
2. short on L1 after TL break, good trade. R 2
3. TLB = bias turns long, buy on next PB
4. long on H1 after TL break. R 2
congrats on your 101 postings.
ReplyDeletethanks buddy! :-)
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