I had a problem with changing my mind too often while in the trade although my initial bias was mostly accurate. So to correct that flaw I have implemented a protocol I go through more like a routine prior London open and right at Frankfurt open. I had been thinking about it all night and early in the morning. So after writing it down on my notepad prior Frankfurt open I tried to go along that protocol today. While I've seen an improvement on me being too flexible I missed out on the train - going short.
Like I've been saying all along I think I have nailed down the direction or bias but I am missing entry and exit. For instance today if I had drawn the second resistance and trendline I would have gotten in on that short. But I naively expected price to rally back up to the gap and the top horizontal resistance. I'm thinking how I can improve this substantially in the coming days. For a start, I definitely need to draw my resistance and support better ! I shouldn't miss any prominent resistance or support out of the picture.
I'll come back later.
Like I've been saying all along I think I have nailed down the direction or bias but I am missing entry and exit. For instance today if I had drawn the second resistance and trendline I would have gotten in on that short. But I naively expected price to rally back up to the gap and the top horizontal resistance. I'm thinking how I can improve this substantially in the coming days. For a start, I definitely need to draw my resistance and support better ! I shouldn't miss any prominent resistance or support out of the picture.
I'll come back later.
Tape reading is an ART