27 May How did I trade today? 20210527
SumÂmaÂry: End of the month no need to take unneedÂed risk
#finÂtwit #orderÂflow #dayÂtradÂing #daiÂlyreÂportÂcard #tradÂinglifestyle #dayÂtraderÂlife #grasshopÂperÂsanonyÂmous #tradÂingÂforex #tradÂingÂcomÂmodiÂties #NEXT
Every tradÂing day I recap my trades, includÂing more than entries and exits. Why did I take the trade? How did I manÂage the trade, my emoÂtions and cogÂniÂtive funcÂtion? All the good stuff as well as all the ugly of being a day tradÂer. As always, feel free to reach out to me.
My weekÂly goal:
- Min. 3 times hitÂting the gym + mandaÂtoÂry cardio
- CurÂrentÂly in lockdown
- TradÂing rules
- M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
- Only price-action based exit rules (or if hit time stop comes earlier)
- OthÂerÂwise a Bart SimpÂson exercise
Good Pre-marÂket routines
Good SesÂsion PECS
Good Trade selection
Good Trade sizÂing or SL placement
Good Trade ExeÂcuÂtion & Mgmt.
Good Risk AdjustÂed Returns
Yes DaiÂly review
MupÂpet meter (1 being best â 5 being worst): 1
Summary
- GBPNZD
- 1st DTTZ
- A formed a Doji and B testÂed valÂue edge closÂing as a a PinÂbar with very long sellÂing wick, M15 BearÂish Inside Bar.
- C tradÂed highÂer. D extendÂed above IB acceptÂing valÂue and closÂing withÂin IB right below H4 Câsup. A valÂue accepÂtance play is risky due to the tight valÂue and LTF supÂply at VAH as well as the newÂly formed H4 CâSup. Looks like a susÂtained move though.
- E made a slight HH and then closed down. BareÂly no sellÂing tail. WaitÂing for more confirmation.
- 2nd DTTZ
- F closed as an Inside bar with longer buyÂing wick, M15 Bull Engulf. I lack the conÂfiÂdence in any direcÂtion cue due to accepÂtance of valÂue but H4 câsup right there (which is low in the disÂtriÂbÂuÂtion curve). Donât like the looks of the PA.
- MN is at the botÂtom of the range. H1 closed as a posÂsiÂble Base with longer buyÂing wick. Plus not much of a sellÂing tail on the proÂfile. Going to let the trade go and take notes. Plus itâs the end of the month and I am up on the month donât want to take unneedÂed risk.
- G and H tradÂed down extendÂing to the othÂer side formÂing a NeuÂtral Day
- 1st DTTZ
GBPNZD
- Which hypo played out and how did I hypothÂeÂsize it playÂing out? How did it actuÂalÂly play out? What did the proÂfile and price action show?
- Hypo 1 â Trend ConÂtinÂuÂaÂtion / Return to Value
- NarÂraÂtive: posÂsiÂble H4 phase 3, Open senÂtiÂment, H4 Bear Engulf and test of new SupÂply givÂing H4âCâS 1.93707 and close down. LN open takÂing out H4 demand.
- PreÂferred: Strong BearÂish PA, PosÂsiÂble re-test of valÂue edge, IB extenÂsion down, SusÂtained aucÂtion to W1 demand (0.6xASR below), D1 demand (1xASR below).
- Con: tradÂing at H4 QLo
- 80% corÂrect
What hapÂpened around the 1st DTTZ? Which Hypo played out (if any)?
Price tradÂed highÂer and evenÂtuÂalÂly extendÂed above IB hitÂting H4 SupÂply in D. E turned around.
What hapÂpened around the 2nd DTTZ? Which Hypo played out (if any)?
F and G formed a DBD and H closed extendÂing below IB formÂing a NeuÂtral Day. I did not like the PA today. This was probÂaÂbly due to Viegheâs speech comÂing out latÂer as I TPO just burst up over IB takÂing out H4 supply.
What was the play of the day?
A Return to ValÂue play with a slight accepÂtance but failÂure to accept due to H4 Câsup.
Was I right on the outÂcome? Which Hypo played out and why was it not Hypo 1 (if any)?
Yes I was
Was there an opporÂtuÂniÂty and did I take it?
There was but I did not take it. I did not like what I was seeÂing as the H4 Câsup was low withÂin the disÂtriÂbÂuÂtion curve and got testÂed before and price was still linÂgerÂing at the same levÂel withÂout makÂing much of a move. I hypothÂeÂsized a posÂsiÂble break highÂer and this came latÂer durÂing overÂlap noise.
What could I have done better?
I think I did well. As the sesÂsion was going on I didnât like the way PA was develÂopÂing and not entireÂly linÂing up. I could have been nitÂpickÂing here but just did not like the âfeelâ of it. Lo and behold Vliegheâs speech came latÂer in overÂlap noise which made price jump takÂing out H4 supÂply. Now, one thing.. 1) I did well to underÂstand that I didnât like what I was seeÂing. 2) RegardÂless I could have takÂen a trade short as PA was develÂopÂing 3) I did well to conÂsidÂer the end of the month and wantÂiÂng to close on a win 4) I SHOULD KEEP TRACK OF THESE FUCKING SPEECHES.
How did I feel before, durÂing, and after the trade?
No trade takÂen. I feel good.
How well did I manÂage my physÂiÂcal, emoÂtionÂal and cogÂniÂtive states?
I did well here. I was feelÂing a bit bummed that I was not takÂing a trade. Then I just decidÂed to let it go and observe. More often I am right about my gut than not. Plus being the end of the month did not want to take unneedÂed risk.
What did I learn today?
I learned that I can be aligned with the marÂket even though it is not entireÂly behavÂing the way I am used to.
Whatâs one thing I need to do more often?
Trust my gut.
Whatâs one thing I need to do less often?
Stress myself. Just folÂlow the process and take steps movÂing forward.
Under the cirÂcumÂstances, did I perÂform at my best?
I did good
For my trade plan(s) on this parÂticÂuÂlar day, go here: