Trading Plan: The Setup is more important than the entry

With a clear target in mind its more imporant to find a good setup on the 30 min chart (either a DP or prior low/high reversal or a re-entry in the 38.2 - 61.8 % fib area.

As you can see none of my favorite entries happend but still crude oil trended higher, so its really important to stick to a clear setup and be flexible on the search for a low risk entry.

These targets have a high success rate:

prior day 50% buy setup, exit at 60 ticks
prior day 50% sell setup, exit at 60 ticks or current day low
current day 50% setup, exit at 60 ticks or a new high
prior low, exit at prior close or 20 ticks target on FGBL
day before yesterday low, exit at 60 ticks

Only make re-entries on the strongest market (long) or weakest markets (shorts):

Use DP areas prior to news events:

and the seasonal influence (monday generally short, tuesday correction, wednesday and thursday push into the weekly direction, friday correction):