Trading gbpusd on the smaller t/f triggers so ahead of each session I look at the following:
1. What yesterday's daily candle printed
2. What the overnight session did
3. What known event risks there are for session ahead.
Specifically,
4. I identify the overall price action (opa) conditions on my middle and longest t/f's and wether these are with or contra each other and indeed with or contra those on the next higher t/f +
5. I pre-identify the potential support/resistance/sbr/rbs factors and confluences thereof on the longest t/f + and potential sbr/rbs on the middle t/f
6. I asses the prevailing general intraday sentiment and overall general sentiment.
I am then ready to trade my edge should it develop, and of course 4,5, and 6 require continual assessment as price discovery takes place and the session continues in order that I trade the edge only in the highest probability circumstances.
Check the news for the day to get the general sentiment. Check my levels on the charts. Check if there is the potential for a trade based on my methods. Masturbate. Coffee. Breakfast.