Hello Strat
I'm making a trade plan for next week and going through my pairs trying to get into a solid routine for the new week. With this being my first "New Month/New Week" or New Big Boss and New Boss how should I approach reversals?
I'm a reversal trader by nature I think and it's taking some resolve not trading the set ups I'm seeing which is ok because I'm being disciplined and NOT going to trade them to allow my brain to rewire itself to PASR WITH TREND.
With that being said when do I say "right this is now in trend and a valid PASR when it is early into the new month and week."
I have attached a chart and my current thought process is sounding like "this weeks Boss is closing higher and could become a WCC however it might not because WCC of the 12/11 could still be in place. However I have a nice spike on the Boss but we still have a strong boss trendline support and some nice worker support at 1.7364.
I'm going to sit tight and see on Monday what happens above/below that Boss S/R line 1.77.
Sorry, by writing this I think I have answered myself. My mindset is thinking shorter term about missing out on a reversal but looking again at it if I sit back and chill out and ALLOW The Worker to close I still have plenty of pips to pick up. Like 1150 if it goes back to Boss swing low after breaking the trendline - DUH!
Private Msgs are turned off to weirdos, loafs and brain drainers