Pasted
There's good news and bad news for me. The good news is that I ditched the tweaks I was working on and reverted back to the way I was trading a few weeks ago. Found some nice entries in what seemed like familiar territory. I shorted KLAC, DELL and went long PETM.
The bad news. I lost money... hence the one word post title. KLAC worked perfectly (10:30 bar low, :15) but it wasn't a big gainer and I had to enter a market order because I literally turned away from the computer and my trigger price had been exceeded. So there was some slippage. DELL looked good off a break of the 12pm bar low (:15) but it just didn't move. Stayed in it for an hour to see if things would change but I was stopped out.
PETM looked really promising as price was consolidating along the ORH and I entered on a break of the 12:45 bar high. Price immediately moved nicely but then just completely stalled.
As for my tweaks... well, I was looking at the 3-min timeframe and how price interacted with the 20ema. I was looking for a retrace into the 20ema and a bounce. My conclusion is that while there are times when looking for this entry can be very profitable there can also be a lot of busted moves. Psychologically, it's not the best system to trade if you can't handle multiple losses.