How did I trade today? 20220428

#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 / Hypo Played Out? (Keep it short!)

• C extend­ed and closed above IB but below D1 Supply
• D made a HH but start­ed reacting
• M5 con­sol­i­da­tion at D1 Sup­ply and I went short as per Hypo 1
• E TPO hit tar­get 1.2R even hit 2R
• Missed the Strength From With­in IBR due to deal­ing with some thigns at home

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

• C extend­ed below IB but closed with­in as a M30 Three Out­side Down, could pos­si­bly be tak­en out
• D extend­ed to the oppo­site side but closed with­in as a Bull Engulf
• When E pulled back I went long around IB High as per hypo 1 although risky due to Neu­tral Day impli­ca­tion but giv­ing it a try as I have observed this before.
• E closed high­er then F hit 1R and I took it
• G closed as a Bear Engulf but with buy­ing wick but there might still be buy­ers around

Did I take advan­tage of any opportunities?

• DAX
  • Short as per Hypo 1
  • Tar­get hit 1.2R
  • Missed the long as per Hypo 2 due to not being at my desk
• Gold
  • Long as per hypo 1
  • Tar­get did not get hit but I took 1R
  • Got ner­vous this close to val­ue edge and didn’t want to be a dick for a tick
  • Missed a Return to Val­ue trade as per Hypo 2 as it need­ed a M5 entry. I record­ed it for my play­book though. It would’ve hit 1.2R. 

Things I did well:

• Try­ing the Gold trade. I visu­al­ized H4 sup­ply get­ting tak­en out and this is exact­ly what happened

Things I need to keep work­ing on:

• I could’ve had a lat­er entry on DAX after more con­fir­ma­tion from M15/M30 but I was right on the direc­tion. Even though D did close on its high I’ve seen this before at ADR exhaus­tion lev­els. This com­bined with a wide IBR it was the right call. 

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

20220428 Pre­mar­ket Prep DAX

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20220428 Pre­mar­ket Prep Gold

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