#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
1 Session PECS
2 Clarity — in tune with price
DAX — What Market Narrative / Hypo Played Out? (Keep it short!)
- Price consolidating within IBR, I believe the developing ‘weak’ H4 Evening Star might still be in play. Although without an IB extension it’s a bit more tricky.
Gold — What Market Narrative / Hypo Played Out? (Keep it short!)
- B, C and traded higher but without extending IB
- F ducked slightly above IB
- Seems like there might be some positive correlation with DAX
- G made a HH but closed at IB High and even though M15 closed as a Bearish Inside Bar (failing to close below M15 QHi)I don’t feel confident in a possible Failed Auction even though price did try to reach for VAL and started reacting slightly (for now)
- It is still probable for a sustained auction but going long this close to value edge is not a good trade
Did I take advantage of any opportunities?
- DAX
- Did not see anything good to take advantage of
- Gold
- Did not see anything good to take advantage of
Things I did well:
- Did not see anything good to take advantage of so I did well to stay out. Plus it’s getting late into the session and I have a video call in a bit.
Things I need to keep working on:
- Stay patient and execute on trades that jump out at me. These have usually done well for me. When I am looking for a trade I know that it is not clear to me ie. perhaps lacking clarity in the narrative and thus I should stay out.
For my trade plan(s) on this particular day, go here: