Yesterdays 15 Minute Close Bar =UP bar 1284.50
Yesterdays TREND = Tight Range slight Mushroom Top
Yesterday Power on Close = Weakness
Today's Open = No gap
Result = Very tight consolidated range for most of the day that was a continuation of yesterday (10 point range)
Today's Trend = Down
Today's Power On Close = Weakness
Daily Volume = 1.45M Low Below Avg.
Today's 15 minute Close Bar = Down bar.
Another rough start to the day missing the 1st hour of trading. Never fully catching a rhythm I struggled for most of the day, prompting me to do an intangible observation of "What all my losing trades have in common". In continuation from yesterday's range we move steadily lower with a few good opportunities to the down side.
15 minute chart shows tight range on continuation from previous day.
What Did I do Well?
Today i didn't do much well but I have been correct with my After market.
Forecast and the Pre Prep Routine has been very solid. Unfortunately my reaction over the past few days has been less than stellar.
I Was able to catch a good short using my 4500 Cycle sequence with with 5 minute Block at Trend Line resistance.
Had some ideas about further organizing my rules and incorporating $TICK.
What Did I do Poorly?
Forecast and the Pre Prep Routine has been very solid. Unfortunately my reaction over the past few days has been less than stellar.
I Was able to catch a good short using my 4500 Cycle sequence with with 5 minute Block at Trend Line resistance.
Had some ideas about further organizing my rules and incorporating $TICK.
What Did I do Poorly?
Where should I start.
First i Hesitated and got very late entries more than once today.
I made impulsive execution error BUT FAILED TO CORRECT it Immediately.
I missed an obvious VSA double bottom that had Pro bars on the 1st touch and came back to 4500 & 500 & 2 minute Support on low volume. I did catch half of the move but lack of alertness caused me to miss the bulk.
I missed the 1st hour of trading, over slept cause my alert clock was out had a headache also and skipped my morning routine.
First i Hesitated and got very late entries more than once today.
I made impulsive execution error BUT FAILED TO CORRECT it Immediately.
I missed an obvious VSA double bottom that had Pro bars on the 1st touch and came back to 4500 & 500 & 2 minute Support on low volume. I did catch half of the move but lack of alertness caused me to miss the bulk.
I missed the 1st hour of trading, over slept cause my alert clock was out had a headache also and skipped my morning routine.
Took trade against the trend that sequenced with the 1500 but against the 4500 and was stopped out.
Charts crashed mid afternoon to end an already rough day. Had to re build my entire desktop and delete all old workstations.
Exited trades waay too early did not wait for exit signals.
How Was My Mind Chatter?
How Was My Mind Chatter?
Experienced some frustration with the lack of follow thru and poor performance with hesitations and loss of focus.
Also expressed some anger under my breath, I had a headache and complained about it.
Even felt the feeling of things aren't fair. This is a horrible attitude and must be addressed. Nothing is FAIR and the market doesn't owe me anything, in fact it is a complete Scam design to take everything I have. I know this and understand this, which is why i must stay alert and focused in order to benefit from its offerings.
Even felt the feeling of things aren't fair. This is a horrible attitude and must be addressed. Nothing is FAIR and the market doesn't owe me anything, in fact it is a complete Scam design to take everything I have. I know this and understand this, which is why i must stay alert and focused in order to benefit from its offerings.
How will this affect my Progress?
Hesitation is indicated some lack of trust for my edge!! or something is unclear or unexpected. The market is based upon the unexpected happening. This will cause you to get stopped out more often as the move will not allow for max profits.
The market doesn't care if your sick or you have a headache, it will take your money anyway. there are NO excuses for your trading and mental attitude, just correct it and move on.
Trading against the trend is always a loser even if everything sequences up to my rules. The 1st rule is trade with the trend everything else becomes irrelevant I without this.
Exiting too early is will cost your bottom line as you wont realize that actual rewards that the market is trying to give you. maybe you feel as though you don't deserve max points on a trade?
The market doesn't care if your sick or you have a headache, it will take your money anyway. there are NO excuses for your trading and mental attitude, just correct it and move on.
Trading against the trend is always a loser even if everything sequences up to my rules. The 1st rule is trade with the trend everything else becomes irrelevant I without this.
Exiting too early is will cost your bottom line as you wont realize that actual rewards that the market is trying to give you. maybe you feel as though you don't deserve max points on a trade?
Solutions:
Hesitation must be stopped by focus and alertness on every bars, look at the whole of the market and its volume profile. Where are the Pros active? get back to basics to regain trust in your analysis.
If you happen to hesitate or enter a trade late consider moving targets down to adjust for the lost points.
If you get a late start for any reason, just resume the Morning Routine as if its the start of the day and proceed as usual, don't rush into any trade thinking you missed something there will always be multiple opportunities.
If you happen to hesitate or enter a trade late consider moving targets down to adjust for the lost points.
If you get a late start for any reason, just resume the Morning Routine as if its the start of the day and proceed as usual, don't rush into any trade thinking you missed something there will always be multiple opportunities.
If I miss a quality setup don't worry.. There will always be another good trade. Just move on the stay focused on the current market events.
Trade with the trend and Ignore opposing signals that are against the Trend. PERIOD!!
Exiting early can cured by keeping an actual on screen target as well as your ATM target. Many time you know from S/R where the market is LIKEY to go. Then you must allow the position to play out. Be patient and follow.
Trade with the trend and Ignore opposing signals that are against the Trend. PERIOD!!
Exiting early can cured by keeping an actual on screen target as well as your ATM target. Many time you know from S/R where the market is LIKEY to go. Then you must allow the position to play out. Be patient and follow.
Intangible Jewels:
Confluence made simple
I separated my charts into a priority sequence for simplicity in spotting confluence.
Uppers - All signals MUST Lock with 4500 Cycles 1st, then the combos can be (ie. 1 upper 4500, 1 lower 500, and 1 mid 1500) or (1 Upper 4500, 3 lowers, 0 mids) or ( 2 Uppers 15m & 4500t, 2 lowers, 0 mids) etc.
I added the usual pairs that match most often, so look for these pair as alternates to one another.
4500 tick (good for cycles) usually syncs 500 & 2m
13,500 tick (cycles & trend lines), pairs with 1500 tick & 5m
15 minute (good to Draw trend Lines & Channels) pairs with 4500.
Lowers - MUST Confirm 3 lowers in sync wit 4500
500 tick (Cycles) syncs with 4500 tick
2 minute(cycles) syncs with 1500 tick
1 minute(cycles) syncs with 500 tick
1 minute $TICK (MvA Trend and Cycles) syncs 1m & 500t
2 minute $TICK (MvA Trend and Cycles) syncs 2m & 500t
Mids - Are good Bonus confluence and are powerful when synced with Uppers.
1500 tick (good for cycles and divergence signals)
5 minute chart (good to draw trend lines and channels)
After 10:30 start asking yourself where to do expect the market to end the day? On the highs or lows? or in the mids? Once you ask this you should get an idea of when and where to enter and exit and where and when the likely reversal will start if at all.
Look to Trade with prior days trend with pullbacks to S/R