21 Apr How did I trade today? 20220421
#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
3 Session PECS
3 Clarity — in tune with price
DAX — What Market Narrative Played Out? (Keep it short!)
- Price extended IB to the upside in C and then closed at IB high
- Some consolidation and I went long as per hypo 2
Gold — What Market Narrative Played Out? (Keep it short!)
- C extended and closed below IB
- D closed as an Inside Bar with longer buying wick , normally not a good sign but with the bearish sentiment as well as new H4 demand not being all that reactive the demand could get taken out.
- Went short as per Hypo 2
Did I take advantage of any opportunities?
- DAX
- Long as per Hypo 2
- E TPO closed above IB, F TPO formed a food high but closed as a Bearish Inside Bar although not failing the auction.
- Sticking with it
- G TPO hit target 1.2R
- Price eventually hit 2R
- Gold
- Short as per Hypo 2
- Took a 1R profit, jumped the gun a little bit
- Price continued lower hitting 2.5R
Things I did well:
- I did well to take 2 trades, one in each asset. Especially after some bad trades recently. Although still coming out on top on most days actually only 1 down day of ‑0.6R.
Things I need to keep working on:
- I see my trades going further than 1.2R but I feel comfortable taking these. I think it’s also because I sit at my desk. Taking 2R trades was easier when I left my desk. I’ll reassess at the end of the month if I want to trade for a higher target.
For my trade plan(s) on this particular day, go here:
