I had a very simple plan on my prep this morning and did everything but follow that plan today.
The prep commentary said to sell 1089.00 but I did not. I continue to focus too much on what the structure "looks" like as price approaches my zone.
Structure is extremely important in the context of determining at what area to execute a trade in a certain direction. It is meaningless in my opinion in what it does as the price travels from execution area A to execution area B.
There was major resistance at 1089.00. There was no high volume at the zone and the price was making a series of higher lows with inside structure on the way up. It was doing this because it was a fake out.
The price was driven to that area then reversed. There was absolutely no indication of a reversal other than I knew exactly where the resistance was and needed to trust it regardless of what things looked like.
I hesitated at my key area and then laid into a bad read and got completely faked out in the late afternoon.
I need to stay the hell away from bidding into washout areas that are getting retested after they have already been washed out.
Classic fake out. I was fooled more than once today. Overall, execution was extremely weak and borderline garbage.
I can not continue to illustrate what I should do pre market and not do it live.
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