Thursday 9th May was a good day for me but I admit it was a combination of luck and my excellent system. Once again, it’s my impatience to get into trades that is costing me money and adding to stress.

This morning I traded my SUP 1 level and came out BE, but the long entry was very nearly stopped because I took it on the first push towards the level and before the level itself. The (losing) short entry could have been avoided if I had waited to see the PA unfold for another couple of minutes.

There were plenty of chances to get at better prices on both the long and the short

The next trade was a 3Min Bolli 2nd chance and also a triangle. This entry is definitely an improvement on a few weeks ago but it still looks like I can hold out for so long and then I just jump in – and end up with an entry at the top of the bar.

On this trade I really needed an entry below 12101 because the monthly pivot was at 12111 and that could easily have been the reversal point.

I did wait for a better entry so that is progress, but it seems that I ran out of patience, so this is in the right direction but I need to work on the assumption that waiting reduces risk rather than the other way around

And this one was very lucky; I entered 5pts above the level and before it had been hit and the just about stayed in the trade to come out with 1R, again this is a case of FOMO=risk.

I am looking for the entry for six candle so six minutes but then it seems I just get bored and take the trade anyway

And here’s the final example from 10th May, trading the monthly pivot. My entry is at 12108, 3pts below the level – but the point is that it is before the level is hit and there is a much better entry a few minutes later, when price is also outside the 3Min Bolli.

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