July 10...

I was overconfident. Since June 10 my hit rate... 78%.

I was feeling good after yesterday. I've really narrowed in on what I like to see on the 1m chart as far as a CASPAR entry.

My mistake was going down to the 1m too soon. I needed more time on the 10m.

Today was the clearest trend day ever. There was no reason to think counter trend. I was so hellbent on finding my setup for reversal, when given the trend, I should have solely been looking for my reversal setup, in the ribbon, for trend to continue.

I have the right reversal setup. I have the right caspar entry. I have the right execution. What I don't have is the 10m context to guide inform whether its a counter trend trade or with trend, ribbon entry.

When price is choppy, when the ribbon is thin, or a clear 10m double top/bottom with divergence - then I can play outside the ribbon. Otherwise, in the ribbon only! Wait for PO dots to signal mean reversion. It's not enough just to be at CASPAR.

If there is trend. Then we wait for price to reach the ribbon and then take the LTF reversal setup with trend.

10m Ribbon Bullish. Clear support. 1m attempts at breaking support with PO from accumulation to higher.

10m Ribbon Bullish. 2 10m Candle support at the 10m 13e. 2 x 1m attempts at breaking support with PO from accumulation, then with higher PO.

10m Ribbon Bullish. 3 10m candle support at the 10m 13e. 1m price makes LL with EL PO at accumulation. All dips come with higher PO.

COUNTER TREND

10m Ribbon Bullish but 3 candles of set resistance. 1m price tries to breach resistance but PO is well below where it was previously.

2x the 10m made level resistance. 1 time counter worked, 1 time it didn't. The difference was the context of the 10m candles - large range vs. compressed range.

1st attempt we had two high range 10m candles, so despite there being divergence (price making EH with lower PO) it didn't stick. The 2nd attempt the 10m momentum was slowing. This time as 1m price was stuck at resistance we continued to get lower PO readings until we dipped into the ribbon.

The play is still far better in the ribbon given the trend. Regardless though the important commonality is a clear 10m support or resistance level. It takes extreme patience.

Given the trend the higher probability play was waiting for a 1m divergence at support.