Disliked{quote} My confidence is increasing in BBP as entry triggers at S/R (including closed LVCs), and open LVCs as targets. My stops are in the right place for market to hit, in the wrong place for my trades to survive. So I have to work on that. My confidence is also increasing in the buy low/sell high concept. Last week bad performance (-7%) was mainly due to my bad implementation. I suggest you guys have a look at DonPato thread about exhaustion areas, it is still new but I think he's at something, which is very much relevant to what we are trying...Ignored
First post you state that you only trade London session.
-why limit yourself to a time of day. Doesn't it make more sense to limit yourself to locations? I .E. Key S/R areas where price isn't likely to return for stop hunts?
You stated to close positions at the end of the day.
-Ever noticed how some weeks where price tends to trend during certain sessions? Last week price seemed to trend well during late Asia, the week before price moved nicely during mid us sessions. Seems like by closing positions at a set time that you could leave a lot of pips off the table and reducing our reward.
There was a post a long time ago that I forget who said it but it has always stuck with me. Something a long the lines of a profitable trader is a trader who has shifted his focus from improving his entries to reducing his risk.
Trust the Market