How did I trade today? 20210818

Sum­ma­ry: Stay objec­tive and make incre­men­tal improvements 

#fin­twit #order­flow #day­trad­ing #dai­lyre­port­card #trad­inglifestyle #day­trader­life #grasshop­per­sanony­mous #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: 

• Min. 3 times work­ing out at home + manda­to­ry cardio
• Trad­ing rules
  • M15/M30 entries and exits at 1st DTTZ, M5 entries and exits at 2nd DTTZ
  • Use SL scal­ing in case the prof­it tar­get for the set­up doesn’t pro­vide 2R for exam­ple for FA or VAA setups
• No social media / mes­sen­ger apps / phone calls allowed dur­ing the trad­ing window

Good Pre-mar­ket routines

Good Ses­sion PECS

BAD Trade selection

Good Trade siz­ing or SL placement

Good Trade Exe­cu­tion & Mgmt.

Good Risk Adjust­ed Returns

Yes Dai­ly review

Mup­pet Meter (1 being best — 5 being worst): 4

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Notes

DAX

• IB tra­versed down and accept­ed value
• I con­sid­ered going short on a re-test of VAH but with SL place­ment + account­ing for spread the SL size would be 24 pips which gave me 1.1R at the LTF demand with­in val­ue near VAL. I deemed that it was not worth it and let it go. 
• There was how­ev­er a 2nd retest of VAH which in hind­sight could have been anoth­er entry point using a tighter SL although at the time M15 Had made a Three Out­side Up (although with longer sell­ing wick)
• Price had moved below IB dur­ing 3 TPOs now so a sus­tained auc­tion down is more prob­a­ble and a Failed Auc­tion less like­ly. Even though a M30 Bull­ish Inside Bar was formed at the close of D. 
• As I hes­i­tat­ed going in on a Failed Auc­tion I did not go long. I will review more details on this tomor­row in my Missed Trade Review.

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How well did I man­age my phys­i­cal, emo­tion­al and cog­ni­tive states?

II did well here

What did I learn today?

I learned that even though IB was extend­ed mul­ti­ple TPOs below a Failed Auc­tion is still pos­si­ble due to the right time of day and Frankie Fakeout. 

What’s one (or more) thing(s) I need to do more often?

Stay objec­tive. Mak­ing mis­takes or in this case not tak­ing a trade is okay that is how we learn. Bet­ter safe than sor­ry although don’t get too safe there huh. No Scoo­by Doo here. 

What’s one (or more) thing(s) I need to do less often?

I think I did well… I had objec­tive doubts about the play and did well overall. 

Under the cir­cum­stances, did I per­form at my best?

Yes espe­cial­ly on let­ting the Short trade go. That was gold­en. Although miss­ing the long trade then again wasn’t. 

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

20210818 Pre­mar­ket Prep DAX

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