Now is not the right time

What do I mean?

When you open up a price chart, no matter what time frame you are observing, what are the odds that, in that instant, it's a good time and price to buy/sell?

A major market turn on a 15min time frame usually happens within 5 minutes and can travel for the entire day before turning; a major market turn on a 4H chart happens within around 1hour and can travel for days before turning again.

Thus, when you open up a price chart randomly to look at price, that price you see is probably not a good price to buy/sell at if you are following reversal strategies. The odds are EXTREMELY low.

This implies that to prevent psychological bias, such as confirmation bias and, we should always mark out zones of reversal/ trading beforehand and set up ALERTS for these zones AND stick to them, instead of trying to take trades by opening up a chart and analysing the market in that instance...

I know this might sound super obvious LOL but it's really not that obvious!

We tend to place too much emphasis on the PRESENT moment/series of events than we realise consciously.

When we see the market moving in our "predicted direction", we will start to think that it's gonna be a major move in our favour and we start pulling in all sorts of reasons to confirm our thinking like wow there's a support here, there's a trendline, it's a friday, there was consoldiation etc.; reasons that wouldn't have appeared if we didn't look at the price chart in that instance.

This can also be used in reverse... Knowing that the time we look at the chart is probably not a good time to trade reversals, we can open up a chart randomly and if we happen to see a 'reversal' happening, we can instead enter in the trend, at places where reversal traders will typically enter, such as after a pinbar breaks etc...

This is quite a powerful entry method for trading with the trend.

Alternatively you can just enter into the direction of the prevalent move at ANYTIME it is probably going to work and just get out if nothing happens.

You could even design a trading system around this.

Basic concept:

Step 1: Mark out lines of reversal/zones of interest on chart and set up alerts for them.
Step 2: Use a random number generator to generate 4 random numbers from 1-60 and observe the market in those instances specified by the random numbers (minutes on the hour)
Step 3: If the market happens to be reversing during those instance, enter a trade in the direction of trend (HH-HL/LH-LL) if the RR is at least 1:3 (distance to SL by structure and distance to alert line)
Step 4: When your alert sounds, look to take your reversal trades and close all trend trades.