Recap Notes:
Trade Selection - Good Trading, Good Entries, Good Exits.
Sequence 1 1S1K IOk today we had globex momentum off 5:00am News which moved into the pre-open with support on the 5m as well a a solid 15/5 cycle. I was able to get on board for a solid move, exiting into the rally leaving some cash on table as expected. Done for the day early.
ADJUSTMENTS & OBSERVATIONS:
Limit your Exposure - Limiting Exposure preserves profits and takes the excessiveness away, i may miss a few entries, leave money on the table and exit a bit early but over time this has been the bases of consistent gains for me.
Work on correcting the following -
Work on correcting the following -
- Taking the highest probability sequences, stick to what you know.
- Trust your block bars when they appear.
- Give the sequence time to play out, if its clean in your favor 15 bars are a good timing point.
- NEVER TRADE AGAINST 15minute Block Bars.
- Protect your profits, Don't go entering *UQ* sequences.
- If the day starts off rough, be patient and think about stalling at a reasonable gain or loss. Don't try to push it when things are going bad. Get lighter on losing streaks and bigger on win streaks.
- Keep the size down for now until i can get my win % back up my normal range.