Bear Market Trader | Daily Report Card
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How did I trade today? 20220412

How did I trade today? 20220412

#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!)

  • C TPO closed above IBR, wait­ed for a pull­back to IB high with M30 sup­ply and M30 VWAP in the way but it didn’t entire­ly come and pushed high­er in D
  • Sus­tained Auc­tion con­tin­ued in H TPO
  • Ses­sion trad­ing win­dow closed as a H4 Bull Engulf reject­ing H4/D1 QLo

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

  • C ducked below IB but closed as an Inside Bar with­in IBR. With DAX shoot­ing high­erI decid­ed to go short as per hypo 3 expect­ing a M30 DBD. Being with­in Val­ue is not a pro. 
  • Gold turned around in E TPO and F TPO failed the auc­tion but I did not act on it as I was busy cooking. 
  • Ses­sion trad­ing win­dow closed as a weak Bear Engulf with longer buy­ing wick

Did I take advan­tage of any opportunities?

  • DAX
    • Missed long trade as per hypo 1
  • Gold
    • Short trade as per hypo 2
    • DAX seems to be revers­ing so I took the Gold trade off for 0.9R

Things I did well:

  • Wait­ing to see what I want­ed to see before get­ting engaged
  • Then when I missed the oppor­tu­ni­ty, tak­ing the oppo­site trade on Gold even though that wasn’t the best of ideas. Will review tomorrow.

Things I need to keep work­ing on:

  • I should’ve just when in on DAX and not be a dick for a tick. I not­ed that I wasn’t the sharpest and still am not so I’m not gonna beat myself up over it. Still got some prof­it out of Gold. #NEXT
  • I did not let the Gold trade go on and took it off ear­ly. It was the right call but still. That means I should’ve been wait­ing for the long instead going short. Will review.

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


Day trader. Tech geek. Sim Racing Enthusiast.

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