Disliked{quote} Hi mkfx, I am not sure if you had done your monthly trade plan for these 2 trades. It is important to do your top down analysis and know if there is D1 position trading opportunity. GBPJPY - GJ - you entered the market very late in the month when the trend had ran for many days. TMS core belief - price swing run for 3 to 8 candles. you need to see very good reason when you want to enter after the 5th candle. did you look at your weekly chart at the beginning of the week before you decided to trade the D1 chart this week? where is the weekly...Ignored
Would you mind going through a list of things you look at when doing the weekly analysis? What are the things you look at when you try to determine the weekly bias?
I am guessing the 2-bar look back method is one of them?
I think having a correct weekly bias seems to be crucial for position building.
Thanks!