Having a system / methodology is one thing, executing can be another. You NEED EXPECTANCY MINDSET.
Example: Setups on German DAX, from February 4th, 2025
Orange box on the charts is Premarket Range.
Morning Prep of DAILY DOSE OF DAX - which would be Email Update #1 and MORNING NOTES Newsletter - emphasized that reaction WAS EXPECTED on Main Zones and both on the PMKT High, AND on the PMKT Low.
First setup was R1 FADE (zone fade, Fading the "Main Resistance" zone) and Upthrust (False break, "Look above and Fail") over Premarket High. It gave ~200 pts. Usual setup, emphasized in the MORNING NOTES. Doable with the small stop.
For "Lingo in use", sessions and info on DAX, links... check About DAX page.
Second setup: Wide PMKT range, and on the way down, buyers reacted FROM PMKT Low. Bounced there for 100+ pts. Overall environment and CONTEXT gave NEUTRAL BIAS for this day. Two excellent, usual setups were available in the first hour of RTH session.
Both needed EXPECTANCY MINDSET to take. Obviously, some real time posts can help, like this one...
... but I am not going to be there 24/7, it is better to LEARN those setups.
About EXPECTANCY: Watch this 2.5 min video of Mark Douglas.
This video was one of the pivotal things for me. I hope it can help YOU as well.
So... Pattern is there, and you have an edge.
You need to execute such trades, not to judge are they going to be winners or not. Many traders do just that, trying to PREDICT which setup is going to work.
"Expectancy mindset" is not going to just land into your lap directly from the sky, you need to PRACTISE your favorite setups, to develop it, and to build up the confidence.
"When the pattern presents itself, there is NOTHING to think about"
- Mark Douglas
Remember this, and practice execution.
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Example used for this blog is just one of the hundreds of trades like this, that were shown on my X feed ( https://x.com/StrayDogTrading ) and discussed in details in many Recap videos.
Repetition is the mother of learning. One of the resources that can help with Confidence and Expectancy Mindset would be documenting setups. This website has one of the kind resource for German DAX - Setups Gallery, and ALL setups there can be applied to other Indices as well. Currently - writing this on Feb 4th 2025 - 61 months and more than 2200 screenshots of setups. This resource is for Subscribers only, since many hours of work were invested in it.
I wish you a good day, and good trading!
Relja, a.k.a. StrayDog
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