February 21th Prep - Context Plan the trades. Trades Red dot: Short Green dot: Long Black dot: Exit Today, although the Price Action took place in the zones that were pointed in the beginning, the market did not show its hand so clearly in the 1m chart; however in the 5m chart the movement was clearer. I would like to know your opinion regarding to this day
I think you've answered your own question really. When the action isn't clear on one timeframe there are only a few alternatives. Stop observing / trading until the action on that timeframe is clearer, or be proactive and search for the clarity you're after on a larger timeframe. Just the application of common sense really. One of the many things I've taken from DB's comments recently is that: I need to actively seek out whatever it is I need to enhance my trading and analysis, whilst at the same time be just as willing to remove or put aside anything that doesn't add value.... I've really enjoyed reading your journal(s) lately!
The PA trader must remember that all charts are tick charts, even the daily. But how one views them is entirely up to the trader. Some people trade off 1t charts. Most would go blind in a matter of minutes. But even the hourly chart is an amalgam of ticks. The dollar consists of pennies, but we generally don't transact in pennies. We are aware of the fact, however, than even a thousand-dollar bill is at bottom another way of transacting pennies. That we don't carry around bags of pennies does not mean that pennies are "noise". What is paramount is that one never forgets the continuity of price.
March 5th Prep - Context Plan the trades. Trades Red dot: Short Green dot: Long Black dot: Exit Note: The first trade is short, therefore the dot should have been red, and the exit is given in the black dot, however 5m after the short is taken