How did I trade today? 20220302

02 Mar How did I trade today? 20220302

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: 

• Trad­ing rules
  • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
  • No ear­ly exits, either hit SL or target

1–3 (3 being good)

2 Pre-mar­ket routines

2 Ses­sion PECS

3 Clar­i­ty — in tune with price

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DAX — What Mar­ket Nar­ra­tive Played Out? (Keep it short!)

• Price extend­ed IB to the upside dur­ing D TPO and sus­tained the auction 

Gold — What Mar­ket Nar­ra­tive Played Out? (Keep it short!)

• C TPO extend­ed below IB and entered short on a pull­back to IB low
• When price dove deep­er into IB I cut half of pre­vi­ous posi­tion and entered anoth­er short to get a bet­ter entry price. I made a mis­take to go in with a full posi­tion so I need to cut that in half as well.
• Trade hit tar­get 1.2R. Will review tomorrow. 

Did I take advan­tage of any opportunities?

• DAX
  • Due to the open sen­ti­ment and rel­a­tive dis­tance to the val­ue edge I did not take a sus­tained auc­tion trade off break of IB dur­ing D TPO
• Gold
  • When D TPO extend­ed below I wait­ed for a pull­back and entered short. I did fum­bled with the siz­ing after I decid­ed to half the posi­tion and add for a bet­ter entry when price pulled back deeper. 
  • Trade hit target. 

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

20220302 Pre­mar­ket Prep Gold

20220302 Pre­mar­ket Prep Gold

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