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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)
2 Pre-market routines
2 Session PECS
2 Clarity — in tune with price
DAX — What Market Narrative Played Out? (Keep it short!)
- Bull Engulf formed during IB
- C tested newly formed demand and closed higher, when D pulled back to demand as well I went long as per Hypo 1 although without a break of IB. Tried getting an early entry.
- Did not go well and got stopped out ‑1R
Gold — What Market Narrative Played Out? (Keep it short!)
- C extended below IB and accepted value
- Short as per hypo 2
- D closed deeper within value and E took it to target although upon closing I hit 1R instead of 1.2R. I decided to manually take the trade off due to the demand at VAL
- E closed as a Dragonfly doji / hammer and M15 consolidation
- Used M5 consolidation for another entry short as per Hypo 3 and price dicked out around before moving lower. I set my target at 2.5R but when it hit 1.5R I took the trade off as it coincided with a full value rotation.
- Oh how I was wrong…. Price dropped hard and hit 6R…
Did I take advantage of any opportunities?
- DAX
- Long as per Hypo 1
- Stopped out ‑1R
- Gold
- Short as per Hypo 2
- Closed for 1R
- Short as per Hypo 3
- Closed at 1.5R
Things I did well:
- I did well keep my composure and to re-enter on the same narrative on Gold
Things I need to keep working on:
- My thinking was that Gold would take out H4 demand, which it did, and thus I could’ve stayed in the trade as a value rotation often transitions into a continuation in the direction of the rotation.
- I could’ve taken better note of the H4 VWAP in DT implications for the possible H4 Phase 1 / 3. Will review as always.
For my trade plan(s) on this particular day, go here: