Following from my drawback this week on having incorrect bias and entry, I decided to let the trade come to me and it planned out. My bias going into the day post news yesterday was bullish , given the PDL / PDH and the weekly high with the PDI ( Previous day interest) levels. I waited for a long impulsive green candle to form as a FVG and wait for price to return into a discount . Tight but good stop loss and entered. My only setback is that I have the PDI as TP but given how the market has been with me I wanted to bank those points. Doing so I lost on 50+ points in total but I cant catch them all. Overall I am happy with todays performance and will work on more about entry/exit strategy. I did have some small stop outs and 1 BE trade due to not following through which cost me but it is what it is - no emotion.
Increase buy/sell to 2 positions, 1 to run and run to cut at an appropriate stage.
Keep the stop loss to what Im using (8-12 points)
Work on waiting for the trade
Trust and do not switch the strategy
Do not chase price
Scale in
6/10 day.
Increase buy/sell to 2 positions, 1 to run and run to cut at an appropriate stage.
Keep the stop loss to what Im using (8-12 points)
Work on waiting for the trade
Trust and do not switch the strategy
Do not chase price
Scale in
6/10 day.