DislikedHi PHX, Dee, Vantage, Emanuelle and other experienced traders
would like to ask you a question.
What i feel is a crucial aspect to succeed in day trading is to form the right bias for the day... sometimes you see a setup for long, but you dont take it because its counter trend and you wait for a short setup to form... but you would take it if you see certain conditions like having a 123 pattern,or if the daily candle was a bulish pin bar, or if you see a double bottom with bulish divergence , etc...
What i would like to discuss is how do you...Ignored
The only other thing I might add is that at the beginning of each week, I do a "top down analysis". I start with the weekly chart and work my way down to the hourly chart, making notes and adding S/R lines, fibs, trend lines....etc. I also have small M15 and H4 charts running next to my H1 chart to give me some perspective of the market while trading.
In answer to your questions, I think you have to do some analysis every time you sit down to trade, keeping in mind what you already know from the weekly analysis. You always have to consider current price action/volume, time of day, current events, possible entries and exits, money mangement and then stay disciplined to the rules of your trading plan.