The medium time frame trend was down today but I made profits mostly on the upside.
Like I said in my prep commentary, the short side remains tough and the setups that are clear to me are the reactionary long setups at support zones. Even if the price is moving down.
I would hit a good short but it has to be at a good price. Any chasing or confirming a short side move has ended up in a squeeze for me. This will change once the market starts making lower lows which I anticipate happening in the up coming months.
I have said all week my new strategy is very simple. The trades that worked for me today were just hitting my support zones each time they were tested until my premise changed. I had a couple good midday setups because I took a lunch break today.
My revised plan gets me into trades before they confirm and requires conviction with wider stops at key zones. I have spent months making adjustments and I believe this is the best way to execute my premise for my trading style.
The one thing that has been missing in my trading has been the ability to create outlier sequences when my read and feel is on.
I believe that the way I have approached the market in the past couple weeks will accomplish this.
It has in the short term.
It is important that I keep things simple next week stick to my convictions even when my trades look like they are falling apart.
I will likely get tested significantly over the next couple weeks. How I handle it will likely be a preview of what to expect over the summer.
The pressure is always on.
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