Carnage to PL

P/L:  R-2.4   £-54.72

Summary: Disastrous in terms of P/L. But the read wasn't that bad, esp considering the choppy nature of price action. I was correct but entered too early on 3. I was correct but exited too early on 4 (discretionary exit).  5 was completely wrong because of my discretionary exit on 4.  A ton of stuff to work on, in fact all of it Prep, Patience and Discipline.

Series of LHs and DWTL = bias short
1. TLB bias still short but prepared for a reversal if setup occurs at prior PBL
2. BW I missed,  should have waited to clear... Poor Prep
3.  Long off (near) low, thought it was reversing at prior PBL,  in BW,  Poor Prep & Patience.  R-1
4. Long off touch of PBL, (price had cleared BW). Discretionary Exit... Good Prep, Good patience, Poor Discipline.  R-0.4
5. Short off prior RLH,  poor discipline from prior trade  meant I should have held that one and not entered this one. R-1 

Method
1. Mark the series of HLs/LHs
2. mark PBLs and RLHs
3. draw a TL to define the trend
4. Trade with the series of LHs /HLs
5. On a TLB continue to trade with the trend
5.1 BUT if after a TLB price reverses at the prior PBL / RLH take the reversal trade