Trades I will not take:
Every week I will screen for entries. This week I have around 10 entries. Due to limited fund, I need to short list down to maximum 5 entries. So, I will always screen again and analyze the potential trades strictly. This is how I analyze and discard certain trades in my watchlist.
Cag, mchp, klac
1. Although it shows false break, it breaks my uptrend trendline (cag)
2. Noticed that the big candles moving down (1) and follow by smaller candles in consolidation (2) then follow by big candles (3). For trending up market, usually power move is moving up and pull back move has smaller candles. This is the opposite of trending up market.