How did I trade today? 20210719

Sum­ma­ry: Take chances on observations

#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
• 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
• No social media / mes­sen­ger apps / phone calls allowed dur­ing the trad­ing window

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

• IB trad­ed down fol­low­ing FF. B closed as a Bull Engulf. C extend­ed below IB but closed with­in IB as a Bear Engulf. 
• Price extend­ed to the oth­er side and even­tu­al­ly accept­ed val­ue and con­tin­ued high­er rotat­ing through val­ue hit­tin ASR. Pos­si­ble rever­sal in over­lap noise. Although with new­ly formed H4 c‑dem there is no clean way for an auc­tion fade to IB high. 

DAX

• IB trad­ed down 1.06xASR. D closed as an Invert­ed Ham­mer, I was con­sid­er­ing an entry off a weak­ness from with­in IBR as Asia had trad­ed down, IB as well, plus ADR got exhaust­ed. I decid­ed against it due to the gap down at the open. 
• D extend­ed below IB tak­ing out D1 demand. 
• M15 Bull Engulf dur­ing 2nd DTTZ with near­by demand and I ven­tured a long. 
• Long 15254.90, SL 15224.90, TP 15314.69
• Took a quick 0.4R at the close of F. 

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

I did well here

What did I learn today?

I learned that even with a gap down (large imbal­ance) there could be a con­tin­u­a­tion in DAX. Espe­cial­ly with D1/W1 bear­ish narrative. 

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

Take chances on obser­va­tions and stick to the plan. 

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?

Yeah, I did.

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

20210719 Pre­mar­ket Prep GBPNZD

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20210719 Pre­mar­ket Prep DAX

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