10 Mar How did I trade today? 20220310
#fintwit #orderflow #daytrading #dailyreportcard #tradinglifestyle #daytraderlife #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:
- 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 2R target
1–3 (3 being good)
3 Pre-market routines
2 Session PECS
3 Clarity — in tune with price
DAX — What Market Narrative Played Out? (Keep it short!)
- 0.78xASR Wide IBR traversing down to Value with B closing within Value
- I checked a possible SL placement but couldn’t find a good one for a value acceptance.
- Then when price pulled back to newly formed M30 Supply coinciding with M30 VWAP I decided to go short taking the acceptance and developing H4 break down from consolidation as direction
- Price meandered at VAH before continuing lower exhausting ADR
Gold — What Market Narrative Played Out? (Keep it short!)
- Price formed a Bull Engulf during D TPO within IBR and then shot up in E testing new D1 Supply
- Observation: price can use the inside of a Q point as a support/resistance
- Price sustained the auction eventually accepting value
Did I take advantage of any opportunities?
- DAX
- Yes, based on Hypo 2 although a bit of a hybrid with Hypo 3
- Gold
- I was considering to go long around the close of D TPO as a bull engulf but due to the extension being during E TPO and trading right into D1 supply I bowed out.
- I guess the geopolitical circumstances could have warranted hopping on. I’ll review tomorrow.
For my trade plan(s) on this particular day, go here:
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