More About Technical Setup

Here's about what important about Trading Setup. I think that the more credible setup is the simple one but with solid rules. I mean the rules about the trade must be very detailed. Like:
1. where is the stop loss ?
2. what will you do if got stopped out? Re-entry or wait for another signal ?
3. what will you do if the price stall at the certain amount of time?
4. what is the Risk-Reward Ratio?
5. do you plan moving the stop loss?
6. when will you review the trading setup?
7. what will you do if you didn't get filled?
8. how many maximum stopped out you can bare?
9. how many times you get out too soon?
10. how many times you get out too late?
11. where is the hard stop loss?
12. do you need re-adjust the stop loss after re-entry?


So much question for a single setup. Here's what I do in example:



A. I will enter at the high of breakout candle and adjust my Stop Loss after reaching Risk Reward Ratio 1:1, and got stopped out par.
B. Re-entry at the same spot and Stop Loss triggered
C. Entry at the low of Breakout Candle and adjust the Stop Loss. Profit at 2:1 Ratio.
D. Re-entry below the red line and booked another profit

Total : 1 par, 1 loss, 2 profit. Loss : 1, Profit : 4

You'll see even the simplest setup ( I only trade breakout setup ) can be more detail in execution. The what-if scenario is very important. The more scenario you had, the more chance you may survive this market.
It seems like too methodical but it's also very important for discretion trader to create rules because we're not in the same emotional state every day.

Hope this help :)