Bear Market Trader | Daily Report Card
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How did I trade today? 20220422

How did I trade today? 20220422

#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)

2 Pre-mar­ket routines

2 Ses­sion PECS

2 Clar­i­ty — in tune with price

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

  • Bull Engulf formed dur­ing IB
  • C test­ed new­ly formed demand and closed high­er, when D pulled back to demand as well I went long as per Hypo 1 although with­out a break of IB. Tried get­ting an ear­ly entry.
  • Did not go well and got stopped out ‑1R

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

  • C extend­ed below IB and accept­ed value
  • Short as per hypo 2
  • D closed deep­er with­in val­ue and E took it to tar­get although upon clos­ing I hit 1R instead of 1.2R. I decid­ed to man­u­al­ly take the trade off due to the demand at VAL
  • E closed as a Drag­on­fly doji / ham­mer and M15 consolidation 
  • Used M5 con­sol­i­da­tion for anoth­er entry short as per Hypo 3 and price dicked out around before mov­ing low­er. I set my tar­get at 2.5R but when it hit 1.5R I took the trade off as it coin­cid­ed with a full val­ue rotation.
  • Oh how I was wrong…. Price dropped hard and hit 6R…

Did I take advan­tage of any opportunities?

  • DAX
    • Long as per Hypo 1
    • Stopped out ‑1R
  • Gold
    • Short as per Hypo 2
    • Closed for 1R
    • Short as per Hypo 3
    • Closed at 1.5R

Things I did well:

  • I did well keep my com­po­sure and to re-enter on the same nar­ra­tive on Gold

Things I need to keep work­ing on:

  • My think­ing was that Gold would take out H4 demand, which it did, and thus I could’ve stayed in the trade as a val­ue rota­tion often tran­si­tions into a con­tin­u­a­tion in the direc­tion of the rotation. 
  • I could’ve tak­en bet­ter note of the H4 VWAP in DT impli­ca­tions for the pos­si­ble H4 Phase 1 / 3. Will review as always. 

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


Day trader. Tech geek. Sim Racing Enthusiast.

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