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