[torero]

while we're on the subject, I'll put my checklist and journal:

1) check the daily, weekly and monthly charts for important resistance/support, pattern and trendline levels and determine if they are bullish or bearish. Determine at what level above is bullish and at what level below is bearish
2) Check the intraday chart (60 min and 3000 tick in my case) for same as above.
3) Mark the nearest S/R and trendlines to current prices
4) Check for measured targets and compare them to S/R and trendline level.
5) Write down all the above numbers into trading plan
6) Trade only from those levels. When levels are near, I watch price action for clues if the prices respect levels or not (higher highs/low and lower highs/low from bounce or price piercing the levels).
7) Write down reasons and emotions felt before and during trade
8) Position manage the trade (i.e move stops, draw new TLs are market reveals itself).
9) Exit at target or unless market reveals the tendency in opposite direction
10) repeat step 5 with new levels written.

I review the journals later and see where I did wrong and did right. After a while, I recognize flaw in the entry/exit or analsys almost immediately and readjust the chart and refocus and reread my rules and trading plan to remind myself to be ready for the next trade.