Bear Market Trader | Daily Report Card
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How did I trade today? 20220427

How did I trade today? 20220427

#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 / Hypo Played Out? (Keep it short!)

  • Price extend­ed in C then D and E closed slight high­er with­out mak­ing a HH
  • Due to M30 Bear Engulf in the way as well as the wide IBR I don’t want to go in long although it looks like it might pop high­er. Hypo 2 prob­a­bly play­ing out. 
  • F made a HH
  • G took it high­er exhaust­ing ADR and H took it high­er. It could be prob­a­ble for a rever­sal com­ing up but it is late into the ses­sion and I took my lit­tle bit from the mar­ket and I’m out. 

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

  • C extend­ed below IB and took out W1 demand
  • When price pulled back I went short and took a quick 1.2R
  • C closed below and D closed low­er but did not make a LL
  • E closed as a Bull­ish Inside bar and F test­ed IB low
  • On a M5 con­sol­i­da­tion with­in IBR I took a short expect­ing price to drop below IB
  • Price closed below and I took a quick 

Did I take advan­tage of any opportunities?

  • DAX
    • No, did not see any­thing worth it
  • Gold
    • Took a short as per Hypo 2
    • Closed at 1.2R
    • Took anoth­er short from with­in IBR
    • Closed for 0.6R

Things I did well:

  • I did well to jump on the first oppor­tu­ni­ty even though I missed the break of IB
  • Did well to under­stand the nar­ra­tive was still valid so I took the 2nd trade short

Things I need to keep work­ing on:

  • I was upload­ing my pre­mar­ket prep so did not take a screen­shot of the 1st Gold trade
  • 2nd trade did not go to tar­get but still I thought it was good I took it. 

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


Day trader. Tech geek. Sim Racing Enthusiast.

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