Order Entry Error – Immediate Actions
The plan was simple – a quick scalp short into the next support level about 10 ticks away (or maybe further if the level showed signs of breaking). But trading does not always go according to plan!
Breaks Against Bias – Their Failure is My Success
We've previously discussed the idea of fading breaks which occur against the market bias. Often they're a trap! If we can anticipate that trap then we can position ourselves for a successful trade by entering at or before the point of their failure. See here if you missed the prior articles on this concept:…
WLSR – Not Win%
I've covered quite a few topics throughout 2014, but I believe the most important by far has been my attempt to have people looking for success over a series of trades, rather than on any individual trade. Not every trade idea works! But that's ok and that's normal. Keep the losses contained. And work…