How did I trade today? 20210621

Sum­ma­ry: Stick to your plan

#fin­twit #order­flow #day­trad­ing #dai­lyre­port­card #trad­inglifestyle #day­trader­life #grasshop­per­sanony­mous #trad­ing­forex #trad­ing­com­modi­ties #NEXT

Every trad­ing day I recap my trades, includ­ing more than entries and exits. Why did I take the trade? How did I man­age the trade, my emo­tions and cog­ni­tive func­tion? All the good stuff as well as all the ugly of being a day trad­er. As always, feel free to reach out to me. 

Good Pre-mar­ket routines

Good Ses­sion PECS

Good Trade selection

Good Trade siz­ing or SL placement

Good Trade Exe­cu­tion & Mgmt.

Good Risk Adjust­ed Returns

Yes Dai­ly review

Mup­pet meter (1 being best — 5 being worst): 1

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Summary — London

• DAX
  • 1st DTTZ
    • IB tra­versed high­er 1.31xASR. This could be a devel­op­ing H4 Three Out­side Up. With an exten­sion above IB but wide IBR there could be a test of new­ly formed M30 C‑dem that could be a pull­back entry into the devel­op­ing H4 PA.
    • C extend­ed above but then closed with­in IB as a spin­ning top. 
  • 2nd DTTZ

• GOLD
  • 1st DTTZ
    • IB tra­versed 0.35xASR. B closed as a slight Bull Engulf, pos­si­bly a con­sol­i­da­tion. Price extend­ed above IB in C closed above IB in a sus­tained auc­tion below H4 c‑sup. 
    • D made HH and closed above C’s range. Look­ing like a low/medium ini­tia­tive sus­tained auc­tion up.
  • 2nd DTTZ
    • F made a HH but then closed down, I was con­sid­er­ing an entry off M15 Bear Engulf but after a HH was made I let the trade go. 

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Summary — New York

• GOLD
  • 1st DTTZ
    • B closed as a Bull Engulf above VAH but no exten­sion yet. C closed as a Consolidation. 
    • Neu­tral Day formed

• WTI Crude 
  • 1st DTTZ
    • A closed with­in val­ue accept­ing val­ue rotat­ing through. IB tra­versed 0.7xASR. 
    • M15 Bear Engulf although not much of a TPO struc­ture yet. Wait­ing for anoth­er TPO to see what happens.
    • Next TPO closed some­what bull­ish with M15 Bull Engulf and continuation. 

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DAX — London

• Which hypo played out and how did I hypoth­e­size it play­ing out? How did it actu­al­ly play out? What did the pro­file and price action show?
• Hypo 1
  • Mean Rever­sion, Sus­tained Auc­tion up
  • 100% cor­rect

What hap­pened around the 1st DTTZ? Which Hypo played out (if any)?

IB extend­ed above IB, after tra­vers­ing 1.31xASR, then pro­ceed­ed in a sus­tained auc­tion up. 

What hap­pened around the 2nd DTTZ? Which Hypo played out (if any)?

Sus­tained auc­tion continued. 

What was the play of the day?

Mean Rever­sion, Sus­tained Auction

Was I right on the out­come? Which Hypo played out and why was it not Hypo 1 (if any)?

Yes, I was

Was there an oppor­tu­ni­ty and did I take it?

There but I did not take it. I decid­ed that based on the huge IBR it was not wise to go in off an exten­sion. With a stan­dard size SL this would have got­ten stopped out as well. A bet­ter Entry would have been off D clos­ing above. This, com­bined with a pre­vi­ous big down can­dle and the expectan­cy for it to get retraced, as well as equi­ties upward bias, trend is up 3/3, the sen­ti­ment was for more upwards pressure. 

What could I have done better?

I did not know about these con­di­tions and thought I did well to stay out. 

How did I feel before, dur­ing, and after the trade?

No trade taken. 

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GOLD — London

• Which hypo played out and how did I hypoth­e­size it play­ing out? How did it actu­al­ly play out? What did the pro­file and price action show?
• No hypo played out. There was a sus­tained auc­tion up. 

What hap­pened around the 1st DTTZ? Which Hypo played out (if any)?

C TPO extend­ed above IB and con­tin­ued higher

What hap­pened around the 2nd DTTZ? Which Hypo played out (if any)?

Then start­ed con­sol­i­dat­ing but not break­ing the TPO struc­ture even though M30 closed down it also made a HH in F which made me recon­sid­er a short. 

What was the play of the day?

Sus­tained Auc­tion Up. 

Was I right on the out­come? Which Hypo played out and why was it not Hypo 1 (if any)?

No, I was not. There was a sus­tained auc­tion up. I did not want to include this as the trend was down 2/3. Plus not much room to move to VAL as well as open sen­ti­ment was with­in range.

Was there an oppor­tu­ni­ty and did I take it?

Not accord­ing to my cur­rent trad­ing rules. 

What could I have done better?

I think I did well to stay out based on the open sen­ti­ment and trend being down. 

How did I feel before, dur­ing, and after the trade?

No trade taken. 

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WTI Crude — New York

• Which hypo played out and how did I hypoth­e­size it play­ing out? How did it actu­al­ly play out? What did the pro­file and price action show?
• Hypo 1
  • Val­ue Accep­tance, ear­ly accep­tance and fol­low-through although sup­ply with­in value

What hap­pened around the 1st DTTZ? Which Hypo played out (if any)?

Price accept­ed val­ue and rotat­ed through then extend­ed up and con­tin­ued in a sus­tained auction. 

What was the play of the day?

Val­ue Accep­tance, Sus­tained Auction

Was I right on the out­come? Which Hypo played out and why was it not Hypo 1 (if any)?

Yes I was

Was there an oppor­tu­ni­ty and did I take it?

I con­sid­ered a Short but wait­ed for more con­flu­ence. Which did not come. 

What could I have done better?

I did well to go through OODA loops.

How did I feel before, dur­ing, and after the trade?

No trades taken.

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How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?

I did well dur­ing NY although was quite anx­ious dur­ing London. 

What did I learn today?

I learned that I should stick to my own plan. 

What’s one (or more) thing(s) I need to do more often?

Visu­al­ize what I want to see before acting. 

What’s one (or more) thing(s) I need to do less often?

Wor­ry about tak­ing trades. 

Under the cir­cum­stances, did I per­form at my best?

I did well.

For my trade plan(s) on this par­tic­u­lar day, go here:

20210621 Pre­mar­ket Prep Gold

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20210621 Pre­mar­ket Prep DAX

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20210621 Pre­mar­ket Prep Gold NY

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20210621 Pre­mar­ket Prep WTI Crude NY

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