This weekend I went through the trades I took from November 2nd to November 11th. I have come across a few things that I think need to be incorporated into this week's trading:
Precision I think will play a huge role in predicting where I should enter. Drawing patterns from wick to wick will help me know exactly where my price reversal zones will be. Also, precision will help me get into the trade at a better price and hold the trade for more pips.
- Reversal Probabilities
I think I have found a way to use a technique to my advantage in finding which patterns are more likely to complete and reverse in the price reversal zone. Hopefully, this will eliminate the weak patterns in which the C to D Leg strength is too much causing price to blow past the price reversal zone. This technique should only let me enter into the creme de la creme of patterns where the probability of a reversal in the price reversal zone is very high.
My last idea that I think will be helpful is dedication. Being a student means I can't trade during the big NY and London Session so, the Sydney and Tokyo sessions are crucial. I know there isn't much volume but, there are still patterns completing and I need to push myself to stay up and wait it out until those patterns complete.
I hope these three ideas will help me at least break even this week! I love what I do and one day I will be the best in the world!