Good day, Dave and Mr FourXXXX,DaveTrader wrote: Mon Dec 26, 2022 2:40 pm No doubt a bias can get in the way of the profits and I guess it's inevitable to be "off your game" some days. Thankfully, I have greatly improved on the idea of not taking trades unless I know exactly why I'm taking it. If I can't see it, for what ever reason, I stay away. The struggle going forward is to identify that mental pattern and find ways to shift my focus...looking at different time frames...templates from the xard family tree...stepping away
Thanks for sharing your thoughts.
I have similar challenges "one's subjective bias and identify that mental pattern and find ways to shift my focus...looking at different time frames". I have been thinking about how to find solutions on the"bias and timeframes" challenge by doing the following:
(1) Bias Correction / Reframing the Mind
I do review on each trade: good and learning (loss) trades as Mr FourXXXX has shared his wisdom in his postings. I do the review before I leave the trading desk for the current day trade (Previously, I did not do it on the same day before leaving the trading desk. I decide to do it at the end of the trading session after I have observed myself doing the same mistakes again / trading my past mistakes).
Next, I review all trades on Saturday, this I do to help me see the bigger picture, the blind side and oversight to gain insights for the next week day trading. The "sights" are playbook/setup rules for buy /sell/no buy or sell (Wait). And I am making it a habit to review the lessons gain prior to switching on the trading platform.
(2) Time Frame
My review tells me that I gotta get the timeframes setup: Bias (Direction) / Trade Windows. I go back to Xard's posting to find the answer. Next, I discipline myself to follow the timeframe preset prior to the trading session.
I am learning on the go.
Sincerely,
Stuart