Thursday 9th May was a good day for me but I admit it was a combination of luck and my excellent system. Once again, it’s my impatience to get into trades that is costing me money and adding to stress.
This morning I traded my SUP 1 level and came out BE, but the long entry was very nearly stopped because I took it on the first push towards the level and before the level itself. The (losing) short entry could have been avoided if I had waited to see the PA unfold for another couple of minutes.
The next trade was a 3Min Bolli 2nd chance and also a triangle. This entry is definitely an improvement on a few weeks ago but it still looks like I can hold out for so long and then I just jump in – and end up with an entry at the top of the bar.
On this trade I really needed an entry below 12101 because the monthly pivot was at 12111 and that could easily have been the reversal point.
And this one was very lucky; I entered 5pts above the level and before it had been hit and the just about stayed in the trade to come out with 1R, again this is a case of FOMO=risk.
And here’s the final example from 10th May, trading the monthly pivot. My entry is at 12108, 3pts below the level – but the point is that it is before the level is hit and there is a much better entry a few minutes later, when price is also outside the 3Min Bolli.
