Bear Market Trader | Daily Report Card
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How did I trade today? 20220426

How did I trade today? 20220426

#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

2 Clar­i­ty — in tune with price

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

  • Price con­sol­i­dat­ing with­in IBR, I believe the devel­op­ing ‘weak’ H4 Evening Star might still be in play. Although with­out an IB exten­sion it’s a bit more tricky.

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

  • B, C and trad­ed high­er but with­out extend­ing IB
  • F ducked slight­ly above IB
  • Seems like there might be some pos­i­tive cor­re­la­tion with DAX
  • G made a HH but closed at IB High and even though M15 closed as a Bear­ish Inside Bar (fail­ing to close below M15 QHi)I don’t feel con­fi­dent in a pos­si­ble Failed Auc­tion even though price did try to reach for VAL and start­ed react­ing slight­ly (for now)
  • It is still prob­a­ble for a sus­tained auc­tion but going long this close to val­ue edge is not a good trade

Did I take advan­tage of any opportunities?

  • DAX
    • Did not see any­thing good to take advan­tage of
  • Gold
    • Did not see any­thing good to take advan­tage of

Things I did well:

  • Did not see any­thing good to take advan­tage of so I did well to stay out. Plus it’s get­ting late into the ses­sion and I have a video call in a bit. 

Things I need to keep work­ing on:

  • Stay patient and exe­cute on trades that jump out at me. These have usu­al­ly done well for me. When I am look­ing for a trade I know that it is not clear to me ie. per­haps lack­ing clar­i­ty in the nar­ra­tive and thus I should stay out. 

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


Day trader. Tech geek. Sim Racing Enthusiast.

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