Bear Market Trader | Daily Report Card
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How did I trade today? 20220420

How did I trade today? 20220420

#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)

1 Pre-mar­ket routines

2 Ses­sion PECS

1 Clar­i­ty — in tune with price

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

  • Some con­sol­i­da­tion with­in IBR
  • Exten­sion in E TPO, which nor­mal­ly does not war­rant a sus­tained auc­tion. Although due to the D1 RBR nar­ra­tive com­ing from D1 QLo rejec­tion there could be a con­tin­u­a­tion and I went long

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

  • Price extend­ed below IB but closed slight­ly with­in IBR
  • Expect­ed a con­tin­u­a­tion and went short
  • Price reversed and D TPO closed as a Bull Engulf tak­ing out my SL pri­or to close. Down ‑1R
  • Reversed the trade and went long. 

Did I take advan­tage of any opportunities?

  • DAX
    • Long as per Hypo 3
    • Although did not wait for a late-sus­tained auc­tion and just went in on a break of IB due to the larg­er time frame narrative
    • Trade hit 1.2R
  • Gold
    • Gold extend­ed below IB dur­ing C TPO and closed slight­ly with­in, I went short as per Hypo 1
    • This was wrong and the trade quick­ly reversed and hit my stop ‑1R
    • When D TPO closed as a Bull Engulf I went long and took a 0.7R prof­it when the trade moved high­er. I grasshop­pered out of the trade as the trade hit 1.7R even­tu­al­ly. I did so due to the Neu­tral Day impli­ca­tion. Will review tomorrow. 

Things I did well:

  • I sized up my account so I think some grem­lins are start­ing to pop up again. Hav­ing said that I did well to try a trade. Wrong or not. And stick with it. It’s the process that counts. Not the mon­e­tary val­ue. Focus on clean trades. The rest will follow. 
  • Revers­ing the trade on Gold

Things I need to keep work­ing on:

  • Gold did not close below IB and thus was not accord­ing to plan and I shouldn’t have got­ten short. Will review tomorrow. 
  • For­got to take a screen­shot of 2nd trade on Gold

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


Day trader. Tech geek. Sim Racing Enthusiast.

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