Your trading plan for the session isn't hindsight if it was formulated before the session began. If it was formulated before the session began and these important levels were not taken into account, I suggest you take them into consideration for tomorrow.
good day. (Gave last trade of the day more room that I usually would) 8 trades. 2 losers. +30 See how much of it I can keep tomorrow...
Anyone who is trading an hourly interval knows that their demand line was broken yesterday afternoon at 79, dropping to 72 (there's 72 again). Price then rallied, but dropped back below the line at 1500, eventually reaching 64 this morning. The question is how far can price drop after a break -- the MAE -- and still rally for a continuation? 5pts? 10? 20? At what level does the probability for a continuation become unacceptable? Should you be short already? Once one knows this, he no longer has to think about it, at which point he becomes a manager rather than a guesser. The strategies are the same. The rules are the same. The tactical sets will be different for each trader. Which is why no one can provide a tactical set for somebody else.
Troll bait. It gets to the point where it affects my trading, and no one appears to benefit from it anyway. I'll be happy to contribute to the journals of those who want to pursue this. Just not here.
I spotted the same range. Getting better at spotting the ranges, but unfortunately, I often get chopped up. 2 losers on the breakout to the upside, but made up for it on the short on the breakdown, luckily.