Using STPO makes it easier to have a more objective perspective on time in relation to the market. When you look at candles you're obviously also looking at time, but consistent interpretation can be easier said than done.
Also, I'm using the Tradingview volume footprint chart at the moment for the candle volume delta. I find this easier to read than the SVP delta mode - it gives me a value for buys-sells. So I can see when there is a large candle with a small delta or vice versa - This provides good perspective on whether there is likely to be further follow through or reversal on a given move. It's not the most accurate data but it's what I've got at the moment.
Week in Review
Monday
2 wins
1 loss
Tuesday
5 wins
Wednesday
1 loss
1 break even
3 wins
Thursday
1 win
3 losses
Friday
1 win
12 wins / 5 losses
Delta +7
Winrate - 70.59%
Avg R:R - 1:2
Monday
2 wins
1 loss
Tuesday
5 wins
Wednesday
1 loss
1 break even
3 wins
Thursday
1 win
3 losses
Friday
1 win
12 wins / 5 losses
Delta +7
Winrate - 70.59%
Avg R:R - 1:2
Notable good day on Tuesday. And notable losses on Thursday. Thursday had a divergence that spanned a huge price range after the news. Too far for me to hold through with sensible tolerance. My mistake was both re-entering and layering in at subsequent lows as the divergence continued, rather than cutting my single loss and waiting or calling it a day. Next time - one trade post news. If its a loss, call it done for the session.
Protection over Profit - loss prevention is more profitable over time than higher risk, profit acquisition (attempts).
Protection over Profit - loss prevention is more profitable over time than higher risk, profit acquisition (attempts).
Trump said stuff yesterday afternoon, so that made for some big and unpredictable moves. Reset the market a bit. Let's see if this morning brings any fish to fry 🎣 https://www.youtube.com/watch?v=ZLAOzX3zTZY
YouTube
Tide Fx Tools Ldn Session Live 17/07
https://www.youtube.com/live/KHowBACTiTo?si=QJ5vh8Wry07LHweF Fresh eyes, liking the look of the current scenarios.
YouTube
Tide Fx Tools Ldn Session Live 21/07