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How did I trade today? 20220509

How did I trade today? 20220509

#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

1 Ses­sion PECS

2 Clar­i­ty — in tune with price


DAX


Hypos Cre­at­ed — DAX:

  • Hypo 1
    • Short
    • Return to Val­ue, Reversal
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Short
    • Late-Sus­tained Auction
  • Hypo 4 
    • Long
    • Auc­tion Fade

Hypos Played Out — DAX:

  • Hypo 3, short, late-sus­tained auc­tion played out
  • C TPO closed below IB and D TPO retraced to IB Low with­out clos­ing with­in for entry short
  • Weak­ness From With­in IBR dur­ing E TPO as shown in the screenshot
  • ASR got exhaust­ed, then ADR dur­ing H TPO

Was it the right Hypo?

  • Kin­da, yes it was dur­ing 2nd DTTZ which would but it was the move of the day and thus it should’ve been Hypo 1 or 2.
  • I should’ve put more empha­sis on D1/H4 Phase 4 nar­ra­tive an even though price opened 0.7xASR below val­ue, out­side range, price made a Return to Val­ue play (which was my Hypo 1 by the way but due to the open sen­ti­ment I did not want to go in on a break of IB). 

Click to Enlarge

Gold


Hypos Cre­at­ed — Gold:

  • Hypo 1
    • Short
    • Late-Sus­tained Auction
  • Hypo 2
    • Long
    • Failed Auc­tion
  • Hypo 3
    • Long
    • Auc­tion Fade

Hypos Played Out — Gold:

  • Hypo 1 — short — Late-Sus­tained Auc­tion played out
  • D TPO closed below IB, E TPO test­ed IB low for entry short.

Was it the right Hypo?

  • Yes it was. Open sen­ti­ment, trend as well as a pos­si­ble H4 Phase 4 was in line with the hypo.

Click to Enlarge

Did I take advan­tage of any opportunities?

  • DAX
    • Yes, short as per Hypo 3
    • 1.2R Tar­get hit
  • Gold
    • No, I want­ed to take it easy and only have one trade on

Things I did well:

  • I did well to take it easy and focus on one trade

Things I need to keep work­ing on:

  • Did not do well on my pre­mar­ket prep
    • I did not include Weak­ness From With­in IBR on DAX which would’ve been cor­rect due to the wide IBR implication
    • Even though I did take note of it I did not ful­ly incor­po­rate Prev. Day Exceed­ing ADR on DAX. 
    • I kin­da rushed through my pre­mar­ket prep due to being busy with work

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

T3chAddict
t3chaddict@bearmarkettrader.com

Day trader. Tech geek. Sim Racing Enthusiast.

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