How did I trade today? 20220330

30 Mar How did I trade today? 20220330

#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 target

1–3 (3 being good)

3 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!)

• A accept­ed val­ue and B formed a Base
• C extend­ed down and I went in short on a pullback
• C closed below IB, D formed a ham­mer, so did E and F clos­ing below IB
• G hit 1.2R target
• When it pulled back I went short again for anoth­er quick 0.5R

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

• B formed a Bear Engulf, C extend­ed below but closed with­in IBR as an Inside Bar
• D TPO formed a DBD, E extend­ed fur­ther down
• F formed a Bull Engulf above VAH, not much space for an auc­tion fade trade
• Price did­dled below IBR before fail­ing the auc­tion in I TPO

Did I take advan­tage of any opportunities?

• DAX
  • yes , twice as per Hypo 1
  • One at exten­sion fig­ured with the accep­tance and pos­si­ble M30 DBD there could be an easy sus­tained auc­tion. How­ev­er, this wasn’t the case and price did­dled below IBR before hit­ting tar­get in G TPO for 1.2R
  • Then went in short again dur­ing G pock­et­ing anoth­er 0.5R
• Gold
  • No, I did not. A Sus­tained auc­tion down wouldn’t have been good this close to val­ue edge. 
  • When price reversed near val­ue edge there wasn’t much of a tar­get to IB low. Although I see now that I could’ve treat­ed it as a rever­sal with a failed auc­tion to mon­i­tor for con­tin­u­a­tion instead of an auc­tion fade play. Live and learn. Will review tomorrow. 

Things I did well:

• Did well to stay objec­tive and use val­ue rota­tion for direc­tion­al cue after price had hit my tar­get for a re-entry on the same set­up. Although I took it off quick­ly it was because of the sud­den spike and well I don’t often do this. 
• Even though late in the month and I kin­da did­n’t want to push myself to take a trade I did so any­way. This is good as I am quick to not trade when I have a valid rea­son to. Some­times I over­do it so good to keep tabs on it. 

Things I need to keep work­ing on:

• Using the right trad­ing tab in FX syn­er­gy. The first trade did not get copied to the right chart (but luck­i­ly did get copied to live account) because I used the wrong trad­ing tab with­in the soft­ware. I will have to keep an eye on this. 

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

20220330 Pre­mar­ket Prep DAX

20220330 Pre­mar­ket Prep Gold

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