08 Sep How did I trade today? 20210908
Summary: Follow the rules and be surprised
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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 2R target
Good Pre-market routines
Good Session PECS
Good Trade selection
Good Trade sizing or SL placement
Good Trade Execution & Mgmt.
Good Risk Adjusted Returns
Yes Clarity — in tune with price
Muppet Meter (1 being best — 5 being worst): 1
- Watching paint dry within IBR
- C extended below IB and continued to make a Poor Low with D.
- M5 Bull Engulf during D waited for a slight pullback and went long as per hypo 1
- Long 15629.90, SL 15599.40, TP 15690.43 (2R)
- E closed as a Bull Engulf failing auction
- F reached 2R target
How well did I manage my physical, emotional and cognitive states?
I did well here even when price got pretty close to taking out my stop on the DAX trade. I figured it is what it is and I can review later what I could’ve done better. Luckily for me it turned around and even though having formed a poor low, due to the huge IBR, price reversed and hit my target. 2nd day up 2R on a single trade. Nice work.
Failed Auction Long
Great work here in letting the huge IBR guide my sentiment together with adding circumstances as H4 QLo and nearby W1 demand.
What did I learn today?
That I can be patient and let my trade do its thing. As it should. Either lose or hit the target to reach a positive expectancy.
What’s one (or more) thing(s) I need to do more often?
Trust my assessment of the market narrative and take action. THEN… let the trade workout. Win or loss.
What’s one (or more) thing(s) I need to do less often?
I started worrying a little bit when price was reaching my SL thinking if I had made a mistake. I told myself that if I did then I did and I could learn from it. Then went back to racing. Lo and behold it worked out.
Under the circumstances, did I perform at my best?
I did well today. I could have however added a hypo: strength from within IBR for Gold today. I will review thi tomorrow.
For my trade plan(s) on this particular day, go here: