Writing for one side of the trade that sets you up to know when to take the other side. You are prepared. The problem, at least, for me is that you are supposed to trade your plan. So I would constanlty look for the trade I saw. But I’m learning more and more that I still must trade EITHER side based on what happens on the right side of the charts. As much as I trumpeted the bull case for the EURGBP, I caught pretty early Friday’s breakout free fall. We can thank the central banks for their respective roles.
Plan the trade. Trade the plan. But that means the side you wrote down and the side you may have thought less likely enough to leave it off the page.
