P/L: £-14.57 R -0.7
Initially a series of LHs gave me a bias to the short side...
1. TLB /HH = bias turns to long, waiting for a PB entry.
2. Failed L1 long. R + 0.1 ( should have held what's the difference between +0.1% gain and -0.1% TSL loss really?!) Good trade
3. PB Long, terrible entry because signal bar was a massive doji/Hi wave showing indecision, poor trade. R - 0.8
4. TLB = bias turn to short
5. RL Short, missed, had lost concentration and having breakfast good trade.
OBSERVATION
their will likely be 2 legs of any move, ( 2 with trend, one counter). When the 2nd w trend TL breaks this is the higher and earliest probablity CTT.
SUMMARY
Another good read.
Fault1. should have held first trade, with TSL, discretionary exit!
Fault2. Entering at bar 3 , despite direction being correct you can't use a hi wave candle as an entry because it is essentially a wide range = indecision. using a hi wave candle as a trigger!
Fault3. Failed to take Bar 5 trade but this was because I stopped labeling the chart with my read notes. which meant i lost my way. Failed to continue writing read notes on chart!
Initially a series of LHs gave me a bias to the short side...
1. TLB /HH = bias turns to long, waiting for a PB entry.
2. Failed L1 long. R + 0.1 ( should have held what's the difference between +0.1% gain and -0.1% TSL loss really?!) Good trade
3. PB Long, terrible entry because signal bar was a massive doji/Hi wave showing indecision, poor trade. R - 0.8
4. TLB = bias turn to short
5. RL Short, missed, had lost concentration and having breakfast good trade.
OBSERVATION
their will likely be 2 legs of any move, ( 2 with trend, one counter). When the 2nd w trend TL breaks this is the higher and earliest probablity CTT.
SUMMARY
Another good read.
Fault1. should have held first trade, with TSL, discretionary exit!
Fault2. Entering at bar 3 , despite direction being correct you can't use a hi wave candle as an entry because it is essentially a wide range = indecision. using a hi wave candle as a trigger!
Fault3. Failed to take Bar 5 trade but this was because I stopped labeling the chart with my read notes. which meant i lost my way. Failed to continue writing read notes on chart!
No comments:
Post a Comment
Note: only a member of this blog may post a comment.