BOT TRADING SYSTEM
Sooner or later, you will hit a day
where your get out of sync. It can be a change in habits, a change in
focus, or simple a bias against what the market is doing.
The
best medicine? STOP. Do not trade until you are doing what you were
doing successfully before this new event. When your focus is restored,
then return to trading. Follow your rules, technical data, lines, Fib
levels,Pivots, tea leaves, whatever you feel offers an advantage for
you.
TODAY:
Levels
in, PA had a small gap to LB and was running the range to the SB where
it stalled. The "long" bias was in, and affecting trade decisions.
After all this had to be a FBO and long was just waiting to run in that wedge area.
But
three things happened, four counting the "distraction". PA was stopped
by the MB, the EMA, and broke short on the wedge. ALL playable and
reasonable shorts.
Price was selling to the BO-5 and found buyers (double signal) and created a bullish gap to the BO-5.
The
next opportunity was a replay, just change the BOT. PA stalled at the
SB and the EMA, then broke the bull TL to retest the low of the day.
Found new buyers and created another bullish gap.
This
bull was ready to return into the range (at least we discussed that!)
and ran the range to the LB: our bias from the early wedge.
Price stayed above the TL and found the EMA to be support.
A little medicine is good. Getting back in focus is better....

No comments:
Post a Comment