How did I trade today? 20210716

Sum­ma­ry: Trust yourself

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

A small sum­ma­ry of how I did dur­ing the ses­sion. Things I did well. Things I need to keep work­ing on. Trade Reviews are part of my post-mortem but usu­al­ly I post those the next day.

My week­ly goals: 

• Min. 3 times work­ing out at home + manda­to­ry cardio
  • I worked out twice this week due to hav­ing appoint­ments on Mon­day and Tues­day. Nor­mal­ly I am doing well with this. 
• Trad­ing rules
  • M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
  • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
    • Did well
• No social media / mes­sen­ger apps / phone calls allowed dur­ing the trad­ing window
  • Did well here

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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Notes

GBPNZD

• B formed a bull engulf, C extend­ed above. Can’t go in off the break of IB due to VAL being so close. 

DAX

• IB trad­ed high­er but still with­in val­ue. Look­ing for an exten­sion to the upside with con­se­quent pull­back to with­in IBR. Although due to the not so wide IBR there could be a sus­tained auc­tion and I’d miss the oppor­tu­ni­ty. That’s okay. Oth­er­wise a pos­si­ble late-sus­tained auc­tion entry off pull­back to IB high. 
• I was con­sid­er­ing to go long after D had closed above IB and E pulled back test­ing IB high for a late-sus­tained auc­tion entry but I hes­i­tat­ed due to price being with­in val­ue. So let­ting the trade go. 
• Good thing I let the trade go. What hap­pened was E failed auc­tion but did not act on it either which I will review tomor­row. The rea­son I let it go was that it wasn’t part of my hypos. 

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

I did well today. 

What did I learn today?

I reaf­firmed that a sus­tained auc­tion from with­in val­ue needs to coin­cide with a close out­side of value. 

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

Trust my skills. Even though the mar­ket seems it is mak­ing a move I can take advan­tage of. As traders we take trades based of high prob­a­bil­i­ty. That is the only way our work is sustainable. 

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

I think I did well today

Under the cir­cum­stances, did I per­form at my best?

Yes I did. 

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

20210716 Pre­mar­ket Prep GBPNZD

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20210716 Pre­mar­ket Prep DAX

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