Back testing Journal
March 13 Trade Execution
Price was in a double discount on my analysis in Asia. DXY/GBP were on their 50
With Price consolidating in NTH Price consolidated in a discount expanded a bit retraced a bit creating equal highs.
1 macro fakes in a judus swing to session equal lows
2 macro Price is in the mog and I wanted Price to continue lowering to the sell stops, to which it did.
Backing testing when the bias is know I have witness price bounce off the 50 and head in the direction of its bias in the range its trading. With that logic with time of day, liquidity taken, bias is bull 2:57 I entered for a long. I watched it retrace and knock me out- no loss on profits my stop loss was my entry
4 macro with the DXY clearing liquidity to the high side its bias is bear, and on its .79 session range I then thought a long was forming. I went in 3:57 Price was showing continued signs of high resistance trading with whip saw candles so I exited a minute later the 4:15 candle whipped and glad I got out-managed a couple pips and no loss.
These PMI days in London are proving to be holding price is a narrow range of high resistance. First clue to stay clear
NOTE due to EUR now not trading diametrically opposed to DXY there is a lot more mental capital being used and you must anchor ideas from GBP/DXY.
NOTE every day you get better at entering right or wrong.
NOTE every day you get better of not getting scared out just because price retraces a bit
NOTE before every session you must identify what Asia has done, what stops were taken, what place in the market discount to premium from NY to Asia for where is price likely to draw to.
Hindsight price should have lowered and it did rebalancing the FVG it was it before going higher. Big picture and better notes of ALL TF and all liquidity.
Good Job today. You didnt break any rules!
March 13 Trade Execution
Price was in a double discount on my analysis in Asia. DXY/GBP were on their 50
With Price consolidating in NTH Price consolidated in a discount expanded a bit retraced a bit creating equal highs.
1 macro fakes in a judus swing to session equal lows
2 macro Price is in the mog and I wanted Price to continue lowering to the sell stops, to which it did.
Backing testing when the bias is know I have witness price bounce off the 50 and head in the direction of its bias in the range its trading. With that logic with time of day, liquidity taken, bias is bull 2:57 I entered for a long. I watched it retrace and knock me out- no loss on profits my stop loss was my entry
4 macro with the DXY clearing liquidity to the high side its bias is bear, and on its .79 session range I then thought a long was forming. I went in 3:57 Price was showing continued signs of high resistance trading with whip saw candles so I exited a minute later the 4:15 candle whipped and glad I got out-managed a couple pips and no loss.
These PMI days in London are proving to be holding price is a narrow range of high resistance. First clue to stay clear
NOTE due to EUR now not trading diametrically opposed to DXY there is a lot more mental capital being used and you must anchor ideas from GBP/DXY.
NOTE every day you get better at entering right or wrong.
NOTE every day you get better of not getting scared out just because price retraces a bit
NOTE before every session you must identify what Asia has done, what stops were taken, what place in the market discount to premium from NY to Asia for where is price likely to draw to.
Hindsight price should have lowered and it did rebalancing the FVG it was it before going higher. Big picture and better notes of ALL TF and all liquidity.
Good Job today. You didnt break any rules!
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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.