My system does poorly in heavy trending environments...You know I've been down this road before so you wanna just get to your point?
Or possibly Is the plan being consistently implemented.., in an appropriate way..., for the current PA condition (whatever the current condition may be) Rhetorical F456 – not trying to insinuate.., nor point fingers RN
You addressed 1/3 of the question I posed What of the other 2; in an appropriate way for the current PA condition RN
No point. Just wondering whether or not you've used your analysis to determine why your trading is not consistently profitable. If you haven't, that may account for your difficulties.
Fair enough Starting top down Where is price in the overall trend Today (open to current) Price - up/ down / sideways Volatile / not volatile Volume - present / not present Right now Price - moving (trending to most) / ranging / pulling back / retracing / reversing / choppy / not choppy What time is it - open / post open / lunch / afternoon / near close (and how does price typically act during those periods) Is price acting typical Is there a condition I can exploit Where is price in the various views (TFs) I'm using etc... RN
If I could predict the condition of the market before hand based on the info above I wouldn't even need to trade my system now would I? What you are suggesting sounds like discretionary on the fly thinking rather than going in with a plan in mind and executing it.
My understanding of what RN is suggesting is that trading is about conditional probabilities. And while the movement of price is continuous, by categorizing it under various instances of Time, Position & Quality, one is able to made decisions that are aligned with the Line of Least Resistance. Static plans can't do this. This may account for the wide swings in your profitability.