Wednesday, 5 February 2014

Reverted Al Brooks Method but Switched to S&R halfway through Session

R-1.43   £-27.25
Trend down = initial bias short
TLB =  bias remains short but prepared for reversal
1. Short RL to range lows on tick below LSH.  Plan Okay,  Execution good (NB took extra size by accident , thought my sell stop hadn't triggered) R-1
2. Reversal long/Buy first PB after TLB (HL) on tick above LSH. Plan good/bad (started trade with Brooks Method,  reverted to S&R method halfway through),  Execution good (I entered correctly with Brooks method, and exited correctly with S&R method at 3)
3. (incorrect should have still been holding 2 until bar 4.) Short RL to range highs on tick below HSL. Plan poor (switched to S&R method), Execution good (I traded the S&R plan method well, and exited on realisation of error).

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