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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)
3 Pre-market routines
1 Session PECS
3 Clarity — in tune with price
DAX — What Market Narrative Played Out? (Keep it short!)
- B formed a Bear Engulf
- C and D consolidated within IB above VAH with a sustained auction down in Gold I went in long
- E hit target, F made a HH
Gold — What Market Narrative Played Out? (Keep it short!)
- Sustained Auction down, D T{PO took out D1 demand
- F made a LL and started reacting
Did I take advantage of any opportunities?
- DAX
- E closed within IBR after extending to the upside hitting 1.2R
- Gold
- After C closed below IB I tried to get in on a late-sustained auction by waiting for a pullback. But this did not come.
Things I did well:
- Did well to understand the inverse narrative both in the assets but also countertrend
Things I need to keep working on:
- Price action overrules everything else.
For my trade plan(s) on this particular day, go here: