12112 Short possibility
Updated
Trade thesis for intraday
a) If price open above and closes first 15 min above 944, ignore the proposed trade set up
b) If price opens and closes first 15 min below 930.90 (5 min time frame) the said set up is valid otherwise ignore the trade
c) Weekly breakdown
d) Trendline breakdown
e) Bear flag set up
f) Any intraday false high above 944 and closing below 929 after 2 PM validate the entry point and set up for short
g) SL Compulsory
Trading mindset requirements
a) What is Discipline in trading: Sticking to your trading plan regardless of emotions or external noise.
b) Discipline is important because it prevents impulsive decisions that can lead to unnecessary losses.
c) How to develop discipline: Create and follow a written trading plan
d) Avoid overtrading or revenge trading after losses.
f) Consistently track and review the performance
g) what does it mean for emotional control: managing emotions like fear, greed, frustration and over confidence.
h) Why emotions control is important: because emotional trading leads to poor-decision making and their by having high possibility of losses.
i) how to develop emotional control: take breaks after consecutive losses, smaller position size, practice mindfulness like yoga, meditation etc
a) If price open above and closes first 15 min above 944, ignore the proposed trade set up
b) If price opens and closes first 15 min below 930.90 (5 min time frame) the said set up is valid otherwise ignore the trade
c) Weekly breakdown
d) Trendline breakdown
e) Bear flag set up
f) Any intraday false high above 944 and closing below 929 after 2 PM validate the entry point and set up for short
g) SL Compulsory
Trading mindset requirements
a) What is Discipline in trading: Sticking to your trading plan regardless of emotions or external noise.
b) Discipline is important because it prevents impulsive decisions that can lead to unnecessary losses.
c) How to develop discipline: Create and follow a written trading plan
d) Avoid overtrading or revenge trading after losses.
f) Consistently track and review the performance
g) what does it mean for emotional control: managing emotions like fear, greed, frustration and over confidence.
h) Why emotions control is important: because emotional trading leads to poor-decision making and their by having high possibility of losses.
i) how to develop emotional control: take breaks after consecutive losses, smaller position size, practice mindfulness like yoga, meditation etc
Trade active
Entry not trigeredTrade closed: target reached
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