It's Really All About Consistency...

Here's a new blog post. And, for the 2.3 people (including myself) who check this thread on a very regular basis... i would suggest checking the blog too...some of the stuff overlaps, but I think as this goes on, I will do most of my interpersonal reflection here, and I will do more prognostication and discussion of particular setups i'm seeing, as well as general trading educational stuff over there.

here's that link again:

http://currencytraderx.wordpress.com/

hi, i can see that you did not trade eurusd. Is it because unstable condition of the currency pair?

Tuka... i'm always looking for what I believe will be the highest probability setups, and usually that is a market that is either strongly trending, or clearly ranging, or building up to make the next move with conviction, be it up or down.

the the EU.... I just have too many internal conflicts in terms of reasons for a long, and for a short.

the AUD/USD on the other hand, I have very clear and compelling reasons to short, and really none to get long, and today is no different.

check out my blog if you haven't, i wrote up something on the AUD/USD trade I took short yesterday around 1.0215... you will see I give a bit of a laundry list of very compelling reasons to short it yesterday from those levels.

I simply cannot compile any sort of similar list for the euro/usd...it's more like:

looks to move up against half the markets, but down against the other half. gbp is strong against USD< and that may pull euro up. euro is strongly oversold, but has been moving up, so some shorts have already unwound, giving more downside room, but trendlines are not yet broken to the downside, but there was an extention of operation twist, but it wasn't a QE...etc...etc..

so you see, for every reason I have to go short, I have another to go long.

I am looking tonight around 1.2590-2610 tonight because of a very specific techinical pattern that is a high probability trade..but i'll look to get in and out fast, nothing tricky, nothing held for any duration...because i just don't feel i have strong reason either way.

I wait until my head and heart both believe something is more llikely.

if one or the other or both are confused...i just stay away.

Greece may get cut from the MSCI index, which tracks 7 trillion in assets, because they don’t meet the minimum threshold... so they may get demoted to developing status. lol

seems china manufactuing is slowing for 8th straight month, and US isn’t gonna QE but yet cut growth estimates. also, US unemployment is seen to end the year about 0.4% higher than in april.

overall, the tone is risk off in the markets. everyone seems to be looking towards PMI numbers to determine what the next driver for the day is.

Also, US home sales probably fell in may... and this will be risk off as well.

weakest market may be AUD, as china is really hurting, it’s at a technical level or resistance, and sentiment is risk off particlarly towards it as newsfeeds imply.

USD likely stronger than yen, for technical reasons, and because JPY will possibly ease, but USD obviously now wont.


SUMMARY: Risk is primarily off, mostly for JPY and comdolls. GBP is somewhat neutral, and even euro is more or less neutral today as well.

CONCLUSION: short comdolls and yen, long GBP,

EDIT - forgot to mention that large options expireies around 2600 and 2700 will likely contain the pair today unless there is some compelling news or data event that comes out

Thank you for this reply, now i had a clear picture how to avoids unnecessary risk and do it the right way. i did read the blog post.. very nice thing to read. thank you again.

Well, like everything else with trading analysis, I rarely get it "spot on"... but, today was a really good example of why developing a keen ability to conduct a decent daily sentiment analysis is helpful.

in my conclusion, based largely on what I wrote above, I was able to determine to short the commodity currencies, particularly the AUD, as well as go short the yen, and look to take the GBP long.

I finished this analysis just a bit before londons open, and within the first 3 hours of london... the GBP/JPY moved up about 100 pips from low to high.

I didn't trade it, because it didn't come to the level I wanted to get in at... and I didn't like the technical aspects of the breakout... so it's not sentiment alone of course.

but it provided me with a really great filter today, and it does so more often than not.

GBP really only moved higher because of the stronger than expected Retail Sales. The comdolls are essentially flat on the day and up vs JPY. I agree with your JPY analysis, but tend to disagree with your analysis on the comdolls as they have been slowly grinding upwards for the past few weeks and haven't began to consolidate yet, nor do I see a catalyst on the near horizon for their immediate decline. Despite the fact that Oil is tanking and there are all these global growth fears, the market is still ploughing forward, especially the NZD. If we got no QE3 I could understand, but we still got movement from the Fed which should limit the downside. Macro funds are also buying on dips as these economies are outperforming growth-wise and we get the benefit of a nice positive IRD.

One thing I'd like to point out is your previous trading account, which stopped at 9.0% YTD with a net gain of 693 pips over 47 trades. In comparison your current account is at 3.8% YTD (nice to see you in the green again ) with a net gain of 1308 pips over 257 trades. It would imply that you are risking too much when you are wrong, and not risking enough when you are right. Since you have certain criteria you look for that distinguish between high and low probability set-ups, this would suggest that either:

-You are taking too many low probability set-ups
-Your high probability set-ups don't warrant the increased risk that you put on them.

What if you "normalized" your risk across all trade types, "high probability" and "low probabiltiy"?

Regards,
xXTrizzleXx

Trizzle, I really appreciate your contributions. You don't make many, but those you do I get a lot out of, and feel are very accurate observations.

So, I suppose it's time I post up some of the stuff i've been meaning to post...as well as address your points you've made above.

however, I feel it will be best to start in a new post as it will be more a monologue than a response to your statements... will probably take me a bit to write up, so check back in a couple hours. After this, I will then address your post specifically.

So, after last week, particularly the the first day and a half of the week, I realized I basically completely fell "off track" as it were. over the course of this month, I've slowly started to act in ways that my plan is supposed to account for, but yet I "missed" it... and then the first part of last week, it wasn't so much "missed", but rather just flat out ignored.

Operating on insufficent sleep I believe was a major factor... but, more than this, I went back to make a list to determine the exact ways that this problematic behavior manifested itself in my trading. Truth is, I was actually feeling quite upset about last week, and was thinking hard again if there was some sort of "mechanical" reason for this inconsistent progress...

of course, logic showed otherwise, because for the first week, when I followed my plan as best as possible in every way, I made 9%.

other issues clouded my thinking in each following week... usually not so much as to break rules blatently, but, very subtle aspects of it... like not including newsfeed review in my daily senti analysis, or not review all majors and crosses on daily charts, to clue into potential strengths/weaknesses that are developing but not yet apparent in another market...etc. Just little things.

So, based on these thoughts, I decided to go back over mentally, and make a list of every single thing that came up that I could list as a "problem" or "mistake"...

The answer was stunning. Below is the list I came up with:

1. not doing my entire analysis in the order I did it the first week.

2. not doing my entire analysis at all

3. over using using "market orders"

4. entering markets long after a move up, or short after a move down, due to a fear that I will "miss" the opportunity being presented

5. taking "breakout" trades, rather than retracements to price points I believe price will turn around at, that happen to be accompanied with impulsive trading.

6. over trading

7. not printing and signing my "contract"

8. not writing out my trades in their entirety beforehand. (for those that my plan dictates I should)

9.looking at the market as a source of "activity" or "stimulation" rather than as a source of "income only"

10. failing to look for the "Daily" setups (a specific setup type of mine)

11. not reducing risk or taking some profits at 20+ pips for all but one particular setup.

12. ignoring price action, market sentiment, correlated markets or other obvious factor when taking a trade.

13. lacking patience in my trade execution.

14. watching the markets while all I should be doing is waiting for an alert to sound, or watching for long stretches at a time without any sufficient breaks.

15. doing my analysis, but not liking a trade once it has triggered an entry, and stopping out prematurely and/or reversing the trade without a thorough and complete analysis that would be needed to justify such a reversal.

16. doing an analysis on a particular price zone, but then actually taking a trade in that range or zone that is in opposition to the way my initial analysis would have showed to do so.

17. being influenced by the urge to take trades in the most “popular” markets (namely the eur/usd) because this is the market that seems to be getting the most “attention”, regardless of whether the best or most clear opportunities are even present in this particular market.

18. trading one account differently than another account.

19. having more than 3 trades open at any 1 time.

Now, obviously, I didn't make every mistake every day, and most were made only 1 or 2 times at all... but that is still a massive gaping hole... holes. plural.

One thing I have been struggling with is "number of entries to be taken per day". I have come up with an answer of sorts... and I'll discuss this in a future post.

But the most revealing insight was very clearly... my problem was NOT market mechanics. it was psych. This was actually very comforting for me to see so obviously illustrated, because it means I have to "learn" nearly nothing...i simply now have to "do" many things. I don't mistake this for being easy, but it is straightforward, and so far, this week is playing out much, much better for that insight and renewed focus on my own trading psych.

Well, that should be about it for the EUR/USD today.... i think 2565ish will be the low

Well, i'd better address this now before it becomes completely irrelevent. As far as the GBP goes for yesterday, my overall take on it was neutral because I wasn't certain if it would be a risk on or risk off day...and if it was a risk off day, I saw it doing the best (better than comdolls and euro, chf, and possibly yen). Your right about the retail sales, though I doubt currencies like the AUD would have been so "spry" to the upside had similar numbers come out... I just felt it was the strongest "risk on" currency.

I saw things quite differently for the comdolls though. as you said oil, gold, other Coms are dropping, and I saw that as a divergence that had to rectify itself, and as the situation continues to deteriorate in the euro, and china just came out with some disappointing data showing shrinking for the 8th straight month in their industrial output (at least slowing below estimates)... I figured that it would only take a technical level for the comdolls to capitulate in turn. In spite of NZD and AUD numbers for their own economies posting relatively well, the world is focusiung on the EZ, and china...and that combined with the com prices dropping would hold sway.

Given that we had a very nice technical "market symmetry" on the USD/CAD from the initial move out of it's base from the daily chart (a "flag base" or "spike base" pattern...whatever it's called), combined with AUD/USD coming into a previous point of support on the daily chart, and that corresponded with a previous daily high (resistance) as it dropped, plus the move up above 1.00 to 1.0200 without really any pullback, and the velocity of such move generally is matched by similar velocity when a market turns.... the only real reason I saw supporting the comdolls was an overall fundamental strength in terms of CB interest rate levels, and overall economic strength..

But, the market isn't so focused on that right now, it's still for the time a risk on/risk off thing as we both know, and falling commodity prices like they have been was just a matter of time before it all caught up.

For the aussie, it was either 1.0200, or 1.0450-1.0500ish.

and I just didn't see "risk on" being that strong in general for ANOTHER 250 pips up before a decent correction... and similar feelings for the others as well.

and when the fed failed to announce another QE but just more twist, and the euro failed to rally much on this news...i figured it was pretty clear that risk off would be the tone to follow for the next day or 3, and that would in effect pull all risk markets down, more or less.

As for a specific catalyst... the Fed meeting IMO was it. and when the euro failed to rally, it clicked for me that technicals would provide the timing and place to turn the com markets, and they already hitting those levels.

Of course, it's SUPER EASY for me to say this in retrospect given yesterdays price action! I full well know it could have just consolidated... jor even slowly moved up.

Regardless, I still would have felt the same way... and it just so worked out that i got a bit lucky with the call.

Now, the more important points I will address next, such as what you mentioned last thurs/friday regarding the amount of trades taken... and your suggestion on a fixed risk amount. btw, those are both very very astute observations, particularly the latter, and I will do my best to process the implications of both (I have done much so for the former, not yet the latter)... and give a full post on that as I am able to do so with some clarity on the issue.

Thanks again Triz...

Seems that EZ leaders are still unable to work together regarding the crisis. creditor countries don’t want to give greece more leniency, and are downplaying the banking crisis in spain. Seems lenders won’t extend greece deadlines, and officials argue over how to make a spanish recapitalization that doesn’t scare investors away.... something like giving the money directly to banks to wipe out their debts, etc.

there is a summit on the 28-29th of next week, and this will be where the spain will be determined. today, Angela Merkel is talking to itay, spain, and french heads to talk about where germany stands with the other nations.

seems spanish banks will need as much as 62 billion euros... which is less than the 100 billion budgeted for it. spanish and italy yields have been dropping the past couple days, but this could reverse back up at any point.. interesting that the market sold off anyway...seems, maybe, finally, the FUNDAMENTAL issues with the EZ such as worse GDP numbers, high unemployment, etc may be starting to drive investor and trader motivations on the longer term horizon.

it seems the current conditions greece is being held to by the troika is “delusional” according to one official.

seems that german confidence likely declined this month, and the DX is rising. moody’s lowered credit ratings on 15 global banks, and the euro area manufacturing decreased at the fastest seen in 3 years. Furthermore, chinese output gauge indicated contraction.

seems Rajoy is quickly losing credibility amoung the world community, as spain slides into a situation that requires a bailout. Rajoy has made mistake after misstep after contradiction. Spain’s problems were largely preventable according to some economists, but he just has no ability to manage anything properly. Wow... it really seems europe is primarily being run by a bunch of monkeys.

The IMF is recommending “euro bonds”, and overall is doubting the continued viability of the euro as a whole. not that this is really any surprise to the informed trading community.

the CAD is dropping on renewed concerns about household debt to equity levels in canada, and the general continued euro problems. It seems risk could not be more off as the week after greece elections comes to an end...

SUMMARY: risk off, risk off... and the USD is the king for now, above and beyond the yen as possible long term fundamentals are shifting the investment communities perspective of “yen safe haven” status. combine that with chart, candlestick, and other various technical patterns on the usd/jpy pair on nearly all TF’s, and the JPY currency pairs to have a tendency to just run, and run, and run once a move has started.... I think the USD is going to end up the winner, at least for the end of this week, and likely the first part of next week.

CONCLUSION: look to get long the USD, short the world... at this point, I really can’t even say which is likely to do the worst today...the yen? the comdolls? the euro? maybe even the gbp...though this is the one currency that is likely to be the most resiliant besides the USD (but that is argueable). nothing really more to be said.

nzd/cad

(i will have my time this weekend to do a solid response....i have been busy lately)

nzd/usd

Ya, i saw it. I frickin missed it. however, I did catch the AUD/USD about 10 pips off the high of the week for a short. Unfortuantely, I didn't hold it long enough.... that's the puzzzle piece that has LONG given me the most difficulty, and will probably be the last thing I really "master" so to speak.

however, it's not the primary cause of my "breakeven streaks"... so it's kinda something i'll look more towards as time goes on... though i'm open to suggestions!

anyway, thanks for the post man, looking forward to the next one.

So, this is something i've wrestled with since I first got serious about trading approx. 4 years ago, and though i've had some insights into how various approaches to that issue work both for me and against me, I have yet been able to pinpoint what I think gives me the most freedom in which to manage trading opportunities, risk, and profits...while not creating a situation that basically just gives me enough rope to hang myself with.

without going into irrelevant details, I've had experience taking many trades per day, for a few pips at a time (and doing it successfully).. I'm talking "human HFT trading" on a level II screen.... and, i've also used much longer term strategies also with success, like CANSLIM for picking stocks. (where there might be 1-2 trades a week, and positions are held for usually 2-6 weeks, but some for 3-6 months)

my personality tends to greatly prefer the shorter term, faster forms of trading. And, i've had great success with those... however, when i'm "off"... it's that approach to trading that can be the most damaging of all to my account (and my mental well being)

so, when i'm "on"... I find trading an unlimited amount of times, in however many markets I choose to do so on any given day, works very well.

but, when i'm "off"... i can wipe out a week of work in a day.

So, knowing this, i've been trying to stick to a certain number of entries on given types of setups, or markets, etc... but, after trying this for the last month, I find it hinders me, particularly when I know that I'm reading the markets dead on...but yet am passing up picture perfect opportunities, or limiting myself on those I do take, because I won't be able to "get back in" should i get out if something doesn't look right...etc.

OF course, when i'm "off".... these types of restrictions save my ass.

Having started this phase of my trading development after a particularly painful period of sub-par performance, it made good sense for me to limit my market entries to prevent any unnecessary trading "damage" take place.

But, as time has gone on... and I'm growing more comfortable with the process, and the results, and growing more confident that the process DOES put me mentally in a place where I can perform at a pretty high level nearly all the time (as the 9% week and this week illustrate)... I have been trying to reconcile this internal conflict regarding number of trades per day, per market, etc.

Essentially, limiting the number of trades I take in a day provides two primary functions:

1. It keeps things simple by prohibiting me from exploring every possible setup, so in this way it prevents confusion, and helps me maintain a sense of clarity.

2. It prevents counter productive "impulsive trading"... such as entering a trade too early, or adding/subtracting from a position unnecessarily, etc.

Now, the down side to this approach is as follows:

1. If there really are many very good opportunities on a given day, then I must choose between them, and should I choose wrong, I could end up picking the 1 that loses that day (it happened last week, I believe mid week some time)

2. I lose flexibility to scale in or out of a position. Often, I won't want a full commitment at first, until I see PA or such provide further confirmation.

3. I miss more entries. Often times, I'll start watching price as it gets close to my "ideal entry point" or my actual order. If i see it stall a few pips ahead of this, I'll enter, say, half the position there, and then reduce the limit order by half... thus reducing totally missing a great trade (since I try to get in and out near the absolute apex of a market turn most of the time... this is important. otherwise, you miss half the winners, but get triggered on ALL the losers)

There are a few more lesser reasons, but those are the 2 best reasons for limiting entries/exits, and the 3 best to not limit entries/exits, at least for me.

Now, of course when i'm "on", the hazards are instinctively avoided, and the benefits are well used. and when i'm "off", it can just be a total shit storm.

So I spent the better part of the last 2 weeks trying to determine how I can get the best of both approaches, and came up with the following insights...

CONTINUED IN THE NEXT POST...

1. I almost never lose control in my trading after a single losing day. it's after a series of days that fail to produce a comfortable gain that I start getting stressed out, and I lose objectivity. However, it never affects me how many trades i've won or lost, or taken for that matter. What rattles me is how much PERCENTAGE i've lost.

If 5 days goes by, and i'm down 1% after that 5 days, it affects me. Even if i've won most of my individual trades.

if 5 days goes by, and i'm up 3%, i'm pretty comfortable. Even if i've had only 2 or 3 great trades, and 10 or 20 break even or losing trades.

So... since I don't lose control or trade bad after a single losing day...and it's really percentage of loss that affects me, not number of trades entered and exited... I believe focusing on a PERCENTAGE loss per day would be much more valuable to me, than to restrict individual market entries and exits.

2. Furthermore, I know from many many prior experiences, that no matter how many trades I've lost, I don't feel affected until I'm down more than I can reasonably expect to make on any given day.

For example, if i'm down 1% in a day on 2 trades... i'm unfazed, because a single good trade risking 1%, and making 1.5% on the trade will put me up 0.5% for the day...be it a trade I take that same day...or, take the following day.

bottom line is, i can recover whatever i'm down in just a single day.

However, if I lose something like... 2.5% in a single day... that starts to become mentally destabilizing. Because I know unless i take larger risk than i'm comfortable with, or unless the next day presents an unusually great trading opportunity... then I probably won't be able to make enough to cover the loss the next day.

And this thought... this reality...is one that starts to trouble me. In a way that can very very quickly put me in a place where I start to trade "scared". and this usually results in something like the first part of last week did.

So, based on this line of thinking, I realized that I had both a new way to limit my trading, AND, I already know exactly how it should be defined because of how I reacted to certain amounts of losses, etc.

I concluded that on any day that I lose 2%, I start to experience a stress that can affect my trading, so hitting a 2% loss on any given day is the first "natural psychological speed limit" that I will include in my plan. I know without a doubt, I must have in my plan a max daily loss of 2%.

But that alone wouldn't be sufficient, because if a week came to an end, and I was down 10%...i'd throw my computer through a wall (not a window, a wall)... so I needed to further define how else I can set boundaries that protect me from my weaknesses, but cater to my strengths...

CONTINUED IN THE NEXT POST...

So 2% max loss per day... but, as I mentioned before, one of the problems with not having a set restriction on "amount of entries" per day is that if i'm not in sync with the markets, then I'll basically find a way to overtrade, or take poorly planned impulsive trades (same thing for me really), and I'll end up shooting my load on the first couple of impulsive moves...and basically prevent myself from even getting a single really good trade.

worst of all, I won't even know thats whats happening at the time!

So... to further limit this, i've decided on the following rules:

1. In the event that I have a losing day... or series of consecutive losing days that total a 2% loss, the following day I am only able to risk 1% of my account. Should I lose this, I am "done" for that day, and must follow step 2:

2. I am only able to risk a total of 0.5% for all trades taken that day, in total. So, that can be 1 trade at 0.5%, 2 trades at 0.25%, or whatever...but I can't ever risk more than a total of 0.5% on that day. If this still results in a losing day, I must follow step 3:

3. Since I hit my max loss of 2%, 1%, and 0.5% without having a single winning day, then I must paper trade until I can string together 3 consecutive winning days.

4. A soon as I experience a single winning day, I am able to trade as I see fit the next, just so long as I adhere to the max loss 2% rule (which is universal for every day, always)

5. My TOTAL max loss allowed for a given week is 3.5%. I may increase this to 4%, depending on how it goes, but this is a good starting point for me. If I hit this 3.5% loss in a week, I'm done for the week. Papertrading is fine, but no real money trading.

I feel very good about this, as I know it will work for me mentally, and allow me to trade as I see fit. If i'm CORRECT, and my desire to trade as I see fit is justified with good results, then, I don't have these restrictions. If I lose 2% on any given day, well, obvously I just think i know what i'm doing, but i probably don't. Therefore, I am restricted the following day to insure I limit the damage I can do if i think i'm on, but i'm really "off"

However, this still is insufficient in some ways... it limits damage, yes, but it doesn't actually do anything to bolster my clarity or objectivity. For that...I came up with the following rules...

CONTINUED IN THE NEXT POST

So, now that I had a way to prevent unnecessary damage, I needed a way to play off my strengths. I came up with the following:

I am allowed an unlimited number of "preplanned" trades. If a trade has an entry zone (usually 10-20 pips where i'll look to get long), stop, and target, as well as a price alert that will notify me when price is just about at my entry zone, and I have specific written criteria for what I need to see for further entry confirmation, or what (if anything) will prevent me from taking a trade at that price zone.

If I have all of this written out PREMARKET (that's pre-london open for me), then I am able to take as many of those types of trades that "trigger" during the trading day, as long as I am at no time risking more than 2% of my trading account.

This ensures that most of my entries are actually carefully planned, so i've done a careful analysis beforehand, and therefore am greatly limiting any subjectivity or myopic views that I may unwittingly involve in an "on the spot" trade analysis.

And finally, I am able to follow 1 market per day, and take entries and exits as I see fit, as opportunities develop, without restriction, as long as I stay within my 2% max risk rule.

And last but not least... If I am currently profitable for the day, but at any point I have 2 out of my previous 3 trading opportunities result in a loss.... I am then to cancel all orders and be "done" for the day. This helps guarantee that if I have a good profit, that I am not able to trade my way into a losing day because i've somehow fallen out of sync with the markets, and no longer am able to see and take good opportunities.

This are the new, highly personalized guidelines that I'll be using from here on out, and like everything else, will modify them more if I find it will be best to do so.

However, I doubt that. I think this is, for the first time, a very good "base" for me to build off of in terms of restricting possible damage, while allowing me to take advantage of a highly flexible trading style, and getting the best of both worlds as will be best for me.

So Trizzle...I hope all this "answers" your comment last week regarding my overtrading.

I knew you were right when you said it, but I also knew I needed to figure more out about myself and what type of limits would REALLY work best for me in my trading.

I'll try to address your comment about a fixed risk per trade... but of course first I have to think about it and get more of an answer myself. I know that maybe your suggestion is best... but, i'll need more data AND more introspection to know what i'm going to do about this potential leak you've brought up.

it may be little while, but i'll think about it and post up here when i have some insight.

well, I went back and reviewed my "pre-planned" trades for the week. this by no means is all of my trades, but they are a very important part, since they usually form the basis of my profits.

Anyway, it turns out that there were 12 trading opportunities that I had identified that hit my entry price or entry criteria. I didn't take them all, for one reason or another, though I did take about half of them.

for those I did take, I tended to exit on the early side, or even set too small of a target. but, I wanted to go back and see what would have happened if I took ALL of them, and DIDN'T do anything else besides putting the trade into a break even situation at 20 pips of profit.

The results are outstanding:

12 trades
2 losing trades that would lose 2% total (approx. 1% each)
10 winning trades that would have made an average profit of 1.1% each

That's a net profit of 9%, risking only 1% per trade, with an 83.3% win ratio.

So, this coming week, a major goal of mine will be for my preplanned trades, I will only tamper with them at 20 pips, to create a risk free situation. Other than that, I will take every single one, and not interfere with those particular trades.

I'll admit, "trusting" my analysis like this makes me uneasy. I tend to want to take profits fast, losses faster, and move on. I also tend to filter trades as the day progresses, based on how I feel it will continue. This prevents me from taking some of those opportunities that I did map out fully earlier on.

But, this week, my experiment with myself will be to see how the results play out if I take all of them, exactly as I set them up to be, and only modify at +20 pips.

I will still take my 2 other types of trades... the live intraday where i have full freedom to enter and exit in one market of my choice, and another highly mechanical setup based off of daily charts and levels... but, it's the preplanned trades that I will look carefully at as this week goes, to make sure i'm doing what I say that I will here, and keeping with a good analysis, and not "over managing" them...etc.

I am very much looking forward to seeing how this plays itself out this week