Trading Journal 12/30/2024
I started my backtesting the day after daylight savings time on March 13, 2023, focusing on assessing pre-market conditions to determine if the environment was suitable for my trading strategies.
As the London session commenced at 15:00 GMT+8, I engaged in a bar-by-bar analysis of price action until the market opened. This practice typically takes a few minutes, so I ensure to allocate an extra 10-15 minutes before each trading session.
My approach centers around maintaining a disciplined mental game. Instead of being swayed by market noise, I adhere to my predetermined strategies, developed through extensive study and practice. This commitment enables me to follow my own rules and leverage a tested framework across a broad range of trades.
The price action analysis provided me with a modest edge of over 60% success for my…