21 Jun How did I trade today? 20210621
SumÂmaÂry: Stick to your plan
#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.
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 — 5 being worst): 1
Summary — London
- DAX
- 1st DTTZ
- IB traÂversed highÂer 1.31xASR. This could be a develÂopÂing H4 Three OutÂside Up. With an extenÂsion above IB but wide IBR there could be a test of newÂly formed M30 C‑dem that could be a pullÂback entry into the develÂopÂing H4 PA.
- C extendÂed above but then closed withÂin IB as a spinÂning top.
- 2nd DTTZ
- 1st DTTZ
- GOLD
- 1st DTTZ
- IB traÂversed 0.35xASR. B closed as a slight Bull Engulf, posÂsiÂbly a conÂsolÂiÂdaÂtion. Price extendÂed above IB in C closed above IB in a susÂtained aucÂtion below H4 c‑sup.
- D made HH and closed above C’s range. LookÂing like a low/medium iniÂtiaÂtive susÂtained aucÂtion up.
- 2nd DTTZ
- F made a HH but then closed down, I was conÂsidÂerÂing an entry off M15 Bear Engulf but after a HH was made I let the trade go.
- 1st DTTZ
Summary — New York
- GOLD
- 1st DTTZ
- B closed as a Bull Engulf above VAH but no extenÂsion yet. C closed as a Consolidation.
- NeuÂtral Day formed
- 1st DTTZ
- WTI Crude
- 1st DTTZ
- A closed withÂin valÂue acceptÂing valÂue rotatÂing through. IB traÂversed 0.7xASR.
- M15 Bear Engulf although not much of a TPO strucÂture yet. WaitÂing for anothÂer TPO to see what happens.
- Next TPO closed someÂwhat bullÂish with M15 Bull Engulf and continuation.
- 1st DTTZ
DAX — London
- 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
- Mean ReverÂsion, SusÂtained AucÂtion up
- 100% corÂrect
What hapÂpened around the 1st DTTZ? Which Hypo played out (if any)?
IB extendÂed above IB, after traÂversÂing 1.31xASR, then proÂceedÂed in a susÂtained aucÂtion up.
What hapÂpened around the 2nd DTTZ? Which Hypo played out (if any)?
SusÂtained aucÂtion continued.
What was the play of the day?
Mean ReverÂsion, SusÂtained Auction
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 but I did not take it. I decidÂed that based on the huge IBR it was not wise to go in off an extenÂsion. With a stanÂdard size SL this would have gotÂten stopped out as well. A betÂter Entry would have been off D closÂing above. This, comÂbined with a preÂviÂous big down canÂdle and the expectanÂcy for it to get retraced, as well as equiÂties upward bias, trend is up 3/3, the senÂtiÂment was for more upwards pressure.
What could I have done better?
I did not know about these conÂdiÂtions and thought I did well to stay out.
How did I feel before, durÂing, and after the trade?
No trade taken.
GOLD — London
- 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?
- No hypo played out. There was a susÂtained aucÂtion up.
What hapÂpened around the 1st DTTZ? Which Hypo played out (if any)?
C TPO extendÂed above IB and conÂtinÂued higher
What hapÂpened around the 2nd DTTZ? Which Hypo played out (if any)?
Then startÂed conÂsolÂiÂdatÂing but not breakÂing the TPO strucÂture even though M30 closed down it also made a HH in F which made me reconÂsidÂer a short.
What was the play of the day?
SusÂtained AucÂtion Up.
Was I right on the outÂcome? Which Hypo played out and why was it not Hypo 1 (if any)?
No, I was not. There was a susÂtained aucÂtion up. I did not want to include this as the trend was down 2/3. Plus not much room to move to VAL as well as open senÂtiÂment was withÂin range.
Was there an opporÂtuÂniÂty and did I take it?
Not accordÂing to my curÂrent tradÂing rules.
What could I have done better?
I think I did well to stay out based on the open senÂtiÂment and trend being down.
How did I feel before, durÂing, and after the trade?
No trade taken.
WTI Crude — New York
- 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
- ValÂue AccepÂtance, earÂly accepÂtance and folÂlow-through although supÂply withÂin value
What hapÂpened around the 1st DTTZ? Which Hypo played out (if any)?
Price acceptÂed valÂue and rotatÂed through then extendÂed up and conÂtinÂued in a susÂtained auction.
What was the play of the day?
ValÂue AccepÂtance, SusÂtained Auction
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?
I conÂsidÂered a Short but waitÂed for more conÂfluÂence. Which did not come.
What could I have done better?
I did well to go through OODA loops.
How did I feel before, durÂing, and after the trade?
No trades taken.
How well did I manÂage my physÂiÂcal, emoÂtionÂal and cogÂniÂtive states?
I did well durÂing NY although was quite anxÂious durÂing London.
What did I learn today?
I learned that I should stick to my own plan.
What’s one (or more) thing(s) I need to do more often?
VisuÂalÂize what I want to see before acting.
What’s one (or more) thing(s) I need to do less often?
WorÂry about takÂing trades.
Under the cirÂcumÂstances, did I perÂform at my best?
I did well.
For my trade plan(s) on this parÂticÂuÂlar day, go here: