Bear Market Trader | Daily Report Card
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How did I trade today? 20220321

How did I trade today? 20220321

#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

1 Clar­i­ty — in tune with price

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

  • C TPO extend­ed and closed above VAH reject­ing val­ue, D and E closed high­er with E not mak­ing a HH
  • Price con­sol­i­dat­ing and cre­at­ing struc­ture above VAH/IB High

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

  • D extend­ed above IB but then closed at IB high, E TPO failed the auction.
  • Both assets seem to be some­what in tandem
  • No con­tin­u­a­tion on the FA so I went short on a re-test of new­ly formed M30 Bear Engulf. Not much prof­it tar­get so I took a 0.5R prof­it on the trade as a buffer.
  • Then price made a HH before return­ing back to IBR and consolidate

Did I take advan­tage of any opportunities?

  • DAX
    • Was con­sid­er­ing a long on DAX but did not like what I saw on LTF, plus trad­ing right into H4 QHi with a 2/3 down­trend is not the best idea.
  • Gold
    • Took a quick small trade net­ting 0.5R on Gold after a 2nd chance entry pre­sent­ed itself upon first re-test of new­ly formed M30 Sup­ply through Bear Engulf

Things I did well:

  • Did well to stay objec­tive and under­stand I did not know what the nar­ra­tive was com­plete­ly. And that’s okay. 

Things I need to keep work­ing on:

  • Being focused and patient.

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


Day trader. Tech geek. Sim Racing Enthusiast.

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