Lessons of the Week: 

Here I will record and note Day Trading Lessons. At the end of each week or if its important then at the end of a day I will record the lessons here.

Edit: 20/04/2021 This should be recorded in my trading journal. 

DATE	Lesson
27/04/2021	**LESSON of THE DAY**I keep forgetting that I only want to trade  “pause/pullbacks” …. after a trend move…. I don’t want to bet a breakout…. Hence**ONLY BUY or SELL Pullbacks in a TRENDING Market** **ONLY SELL HIGHS and LOWS within a RANGE BOUND MARKET**
29/04/2021	Record your Win Rate and Discipline Score at the End of the Day.
29/04/2021	What was the Market Like Today? Was the session you traded (in your view) a) TRENDING or b) RANGING If (a) Trending then Was it a Single Direction Longs Only or Shorts only Trend?  Or was it Two Sided Trend (trend both directions If (b) Ranging then Was it a TIGHT range or a BROAD Range 2. In both the cases was the trendSteep/strong/Parabolic orModerate /standard  or Shallow / Mild  Can you answer those questions?
30/04/201	LESSON FROM THIS WEEK Breakouts usually fail. (meaning breakouts of ranges, but not just ranges, usually the wider ranges. Tighter ranges are easier to break because the traders on the other side of your trade don’t see a bigger potential for profit) In some cases 70% of the time they fail.  If that is the case, then NEVER anticipate a breakout.  Instead, Accept what you see in the now. And go with it. Don’t fight it or anticipate it. Don’t get in before the break trying to get early entry.  Don’t go “if this breaks I will be rich”.  Instead, accept that if it is at support and resistance, that it might reverse from there. And be open, that if it breaks, then you will get in on a pullback.  This is VERY simple, don’t complicate things.
Friday 7, May 2021	LESSON FROM THIS WEEK Don’t Trade Reversals on Trend Days or Trending MarketsTrade reversals on M5 in the Direction of the H1 Trend  https://www.screencast.com/t/9OcYuFqNKUC
15 May 2021	The lesson of the Week: Lobot / The Pullback method whether using the KC or the 10/20 or the Gator or The Naked chart. Does WONDERS… STICK TO IT EVERYONE …. this one entry method is ALL WE NEED. Let the Winners RUN. Use it on M1, Use it on M5, Use it on H1, H4, or Daily even the Weekly Charts. You won’t regret it. e.g. Look at this Chart. The DAX30 either the H1 or the M15 both Charts gave nice pullback entries. Or you could have taken the M5 entries. they all worked. DAX 30 REVIEW of Today Friday the 14th May 2021 Entry 1: We all took this, exit was either Break-even or small loss. Entry 2. Good small winner Entry 3: I’m still in this trade and it’s running as I write. Entry 4: I did not take but available. Entry 5. Again I did not take I was merely holding my tiny seed which will be a 10R winner if it hits 100 points. https://www.screencast.com/t/DjvdimsB Important Thing to Remember Next Week: Anything more than 2 Bars is probably NOT a pullback. It’s either a trading range or a Reversal.

Log of Changes: