With the markets as they are, I'm focusing very strongly on my discipline. There is less forgiveness for errors and I can get my head handed to me if I go off piste. My stats show more Outside In trades than in previous years. How you determine the right trade location is critical to the win rate on these trades.
Having a tested fixed stop and target can make this trade more mechanical and easier to do. So if you have a specific criteria to take the trade and automatically enter your tested fixed stop and target, you can create a trade with a high win rate and positive expectancy. Without this backtested trading plan, it's an alligator and can eat you up.
Today's DAX chart is a 2 minute chart as the market has been quiet.