PL: R-2.2 £-45.51
Summary: Very frustrated as I'm getting shaken out of correct trades due to counter signals rather than fear. I want to yell and scream but more so I want to fix it!... Correctly got long at 1 as price tested prior low. Then got what I thought was a reversal signal at 2, in fact price didn't quite test the underside of this level making 2 an invalid short. 3 was a valid re-entry long but then 4 gave what I thought was a valid counter signal short after a test of the highs at 2, but the high I was using was created in BW (pink ellipse) so was dubious at best as a level. Price finally RL to the lows of a prior PB and made a valid short down 5 which I avoided, of course that would have got me BE. POOR PREP!
Got to...
1. Stop trading SARs because they are locking me out of good trades.
2. ask JMF3 for a def on how to use SARs correctly.
3. Label BW, give it a wide birth and treat its S/R levels with contempt.
4. check to make sure price has really reached a level before using it.
5. Once in a trade only exit your stop being hit or a counter trigger off another, valid level.
Drew S&R levels and updated
1. Long off PB to prior lows with big volume HM. Good Prep and Patience, Poor Discipline (discretionary exit) R-0.5
NB: price enters BW (3 or more overlapping bars at least one a doji) should have avoided trading until this had cleared.
2. SAR short on RL back to S/R level and tick below prior low Poor Prep and Patience (price in BW),Good Discipline R-0.8
3. SAR long on PB test of prior lows and tick abv prior high R-0.2
4. SAR Short on on RL testor prior highs and tick blw prior low R-0.8
5. Missed. Short off RL to prior high
Summary: Very frustrated as I'm getting shaken out of correct trades due to counter signals rather than fear. I want to yell and scream but more so I want to fix it!... Correctly got long at 1 as price tested prior low. Then got what I thought was a reversal signal at 2, in fact price didn't quite test the underside of this level making 2 an invalid short. 3 was a valid re-entry long but then 4 gave what I thought was a valid counter signal short after a test of the highs at 2, but the high I was using was created in BW (pink ellipse) so was dubious at best as a level. Price finally RL to the lows of a prior PB and made a valid short down 5 which I avoided, of course that would have got me BE. POOR PREP!
Got to...
1. Stop trading SARs because they are locking me out of good trades.
2. ask JMF3 for a def on how to use SARs correctly.
3. Label BW, give it a wide birth and treat its S/R levels with contempt.
4. check to make sure price has really reached a level before using it.
5. Once in a trade only exit your stop being hit or a counter trigger off another, valid level.
Drew S&R levels and updated
1. Long off PB to prior lows with big volume HM. Good Prep and Patience, Poor Discipline (discretionary exit) R-0.5
NB: price enters BW (3 or more overlapping bars at least one a doji) should have avoided trading until this had cleared.
2. SAR short on RL back to S/R level and tick below prior low Poor Prep and Patience (price in BW),Good Discipline R-0.8
3. SAR long on PB test of prior lows and tick abv prior high R-0.2
4. SAR Short on on RL testor prior highs and tick blw prior low R-0.8
5. Missed. Short off RL to prior high
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