Monday… let’s start with some higher timeframe action…
Error 1: I was blinded by one of my favourite pre-session signals; a trap right before the open. And an expectation that this trap would spring completely and help to drive price higher.
Error 2: I failed to consider the alternative – “What if I’m wrong? What else could occur? And could that also provide trade opportunity?”
You ARE ALLOWED to have multiple IF-THEN scenarios in play at one time.
Tuesday… let’s start with some higher timeframe action…
I am amazed at how often similar scenarios set up across multiple days.
When you see it occurring, learn from the first occurrence.
There is no guarantee that it will play out the same way. Project forward with multiple IF-THEN scenarios.
But most of all, be sure that if it does play out the same way, you do not screw up the second opportunity.