Recap Notes:
Trade Selection - Not Good Trading, Good Entries, Poor Exits.
Sequence 1 I started the day of rough but was able to recoup early, but ultimately over traded my way back into a hole. I did a poor job managing the day which has been my key to accuracy. So im licking wounds today. I will add that when price is moving with NO Block bars or few professional bars then we know price is being manipulated and is a sign of caution. see adjustments below
ADJUSTMENTS & OBSERVATIONS:
Work on correcting the following -
Managing the Day - I have been violating a simple understanding - More Than 3-4 Sequences Per Day is Too Much!! Stay within the 90 Grind and call it unless their is an obvious breakout.
- 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.
Managing the Day - I have been violating a simple understanding - More Than 3-4 Sequences Per Day is Too Much!! Stay within the 90 Grind and call it unless their is an obvious breakout.