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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
3 Session PECS
3 Clarity — in tune with price
DAX — What Market Narrative / Hypo Played Out? (Keep it short!)
- Price extended in C then D and E closed slight higher without making a HH
- Due to M30 Bear Engulf in the way as well as the wide IBR I don’t want to go in long although it looks like it might pop higher. Hypo 2 probably playing out.
- F made a HH
- G took it higher exhausting ADR and H took it higher. It could be probable for a reversal coming up but it is late into the session and I took my little bit from the market and I’m out.
Gold — What Market Narrative / Hypo Played Out? (Keep it short!)
- C extended below IB and took out W1 demand
- When price pulled back I went short and took a quick 1.2R
- C closed below and D closed lower but did not make a LL
- E closed as a Bullish Inside bar and F tested IB low
- On a M5 consolidation within IBR I took a short expecting price to drop below IB
- Price closed below and I took a quick
Did I take advantage of any opportunities?
- DAX
- No, did not see anything worth it
- Gold
- Took a short as per Hypo 2
- Closed at 1.2R
- Took another short from within IBR
- Closed for 0.6R
Things I did well:
- I did well to jump on the first opportunity even though I missed the break of IB
- Did well to understand the narrative was still valid so I took the 2nd trade short
Things I need to keep working on:
- I was uploading my premarket prep so did not take a screenshot of the 1st Gold trade
- 2nd trade did not go to target but still I thought it was good I took it.
For my trade plan(s) on this particular day, go here: