NO TAG and invalid if I chase the trade
Daily Report Card
1.Nov 14th 2023
2. Price Action has large momentum to the upside from 0530 open
3.Goal: Insert my daily sole focus that I will consciously work on
A. I am going to work on trade tracking and risk management during the trade
Reminder or Aphorisms for Myself
-Be Selective, Only Trades worth writing up I will trade
A. Trade AC.5 Long
-Gameplan Halts
B. Max 3 Losses for the session
-Pre-session Analysis
Temp (How I feel)
1. I am feeling mostly neural for the session
2. Sizing for Session - 0.01 lots until consistently profitable
3. In My Favor - The large momentum to the upside... The market might us the built up buy side LQ to fuel a decent move to the downside once the market conditions change
0700-0730
1. Grade for trade - A-
2. Sizing for Session = 0.01 Lots
3. In My Favor - Momentum
0730-0800
1. Took Partial Profit on trade #1
2. Reduced Risk to Half and locked in a free trade set-up with no risk on the table. If TP 2 is hit than thats a 0.875 % Gainer for todays session
What I learned ?
A. I must use 0.02 lots for proper trade tracking until I am profitable.
B. Possible use two order for 1 trade idea to have a Take Profit in place for a closing out my position more effectively
0800-0830
A. Trade idea is a b - due to the fact is an second ac.5 set-up and Backtesting shows they are lower probability
B. Size for trade = 0.02 Lots
C. Trade halt if it moves 2.5 RR Away from zone than will need a need set-up to be a valid trade
D. Took Trade off due to trade plan
Daily Report Card
1.Nov 14th 2023
2. Price Action has large momentum to the upside from 0530 open
3.Goal: Insert my daily sole focus that I will consciously work on
A. I am going to work on trade tracking and risk management during the trade
Reminder or Aphorisms for Myself
-Be Selective, Only Trades worth writing up I will trade
A. Trade AC.5 Long
-Gameplan Halts
B. Max 3 Losses for the session
-Pre-session Analysis
Temp (How I feel)
1. I am feeling mostly neural for the session
2. Sizing for Session - 0.01 lots until consistently profitable
3. In My Favor - The large momentum to the upside... The market might us the built up buy side LQ to fuel a decent move to the downside once the market conditions change
0700-0730
1. Grade for trade - A-
2. Sizing for Session = 0.01 Lots
3. In My Favor - Momentum
0730-0800
1. Took Partial Profit on trade #1
2. Reduced Risk to Half and locked in a free trade set-up with no risk on the table. If TP 2 is hit than thats a 0.875 % Gainer for todays session
What I learned ?
A. I must use 0.02 lots for proper trade tracking until I am profitable.
B. Possible use two order for 1 trade idea to have a Take Profit in place for a closing out my position more effectively
0800-0830
A. Trade idea is a b - due to the fact is an second ac.5 set-up and Backtesting shows they are lower probability
B. Size for trade = 0.02 Lots
C. Trade halt if it moves 2.5 RR Away from zone than will need a need set-up to be a valid trade
D. Took Trade off due to trade plan
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.