010715 Trend Analysis Addition

Okay another good read in general however two things came up.



1.My trade plan is lacking trend analysis. This was intentional as I am trading between levels so the trend felt irrelevant but of course it isn't, particularly when day trading I don't want to be pissing in the wind of a longer term trend. So I am going to define the trend on the H4 chart, as the current fractal trend (look midway/right!) and I am going to trade with it on the M30 chart until price reaches H4 S/D and reverses.



2. A level I chose today got tested and a little leeway would have helped me stay in the position. So i'm going to add spread x2 (3-4pips) to the stop loss size to avoid getting faked out in the future.