How did I trade today? 20220301 - Bear Market Trader
Daily Report Card, CPT, Consistently Profitable Trader, day trading, swing trading, road to success, road to becoming a CPT,
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How did I trade today? 20220301

How did I trade today? 20220301

#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

1 Ses­sion PECS

3 Clar­i­ty — in tune with price

DAX — What Mar­ket Nar­ra­tive Played Out? (Keep it short!)

  • Val­ue got accept­ed and rotat­ed through extend­ing IB down
  • D closed as an Inside Bar and E pro­ceed­ed to make LL
  • Look­ing like a sus­tained auc­tion which was to be expect­ed after the rotation

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

  • IB extend­ed up and C closed above VAH
  • Entered long on a pull­back to VAH
  • D made a HH but M15 did not close con­fi­dent­ly at its high so took the trade off at 0.4R
  • Grasshop­pered. Even though I did wait for the M15 can­dle close. Price even­tu­al­ly formed a M15 Bear Engulf which would’ve scratched the trade (-0.1R). But then price extend­ed high­er form­ing a M30 RBR even­tu­al­ly hit­ting 2R.

Did I take advan­tage of any opportunities?

  • DAX
    • I did not on the ini­tial exten­sion down as M30 had not closed with­in Val­ue dur­ing B. Dur­ing C M15 did close with­in val­ue and saw a rota­tion and exten­sion fur­ther exhaust­ing ASR.
    • Price saw a quick pull­back dur­ing 2nd DTTZ but as I was in call I did not act on it. F TPO close would not have yield­ed much of a return. 

Click to Enlarge
  • Gold
    • C TPO closed above and I went long on a pull­back dur­ing D TPO. I cut the trade too soon and even though I wait­ed for a M15 close before clos­ing the trade I did not have a good exit sig­nal. Trade even­tu­al­ly went to 2R. I will review this tomorrow.

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


Day trader. Tech geek. Sim Racing Enthusiast.

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