HK May 5, 2020

Woke up and plotted my chart, I saw that it was OS PD C so it should go LONG. Looks Trail. Looks Almost Hill. Price went down before reversing on the second candle and hit TP at the third candle. Strong Hands, if weak probably stops or minimal profit which is bad for the overall system. Always remember that I’d rather lose than get scared on executing on my trades.

Scorecard
1 Minute Chart
15 Minute Chart
  • Started charting at 8:45
  • Plot 11:15 / 18:30 / 5:00
  • Plot Pivot lines
  • Look for Zones – So many Sell Zones identified
  • Look for OS – Previous Day S3 Cash
  • Look for Hill – looks like an almost Hill
  • Check if Trail – Trail
  • Check for alternate scenarios – No Trade 2
  • Identify problem areas – If LONG, Sell Zone is just above. SZ was invalidated.
  • Record Trade at database – Done
  • Screenshot price action – Done
  • Followed Rules – Followed rules, WIN, NEXT

Reviewing my trade for the day, I can say that I followed my process and rules. I felt nervous while the trade was ongoing and I caught myself watching it then trying to do other things to distract me. After a few minutes I saw that I almost hit TP and was wondering if I can close it with 90 points in profit. I decided that I should not do that as based on my review that the projected direction most often hit target or if missed it will eventually hit it. Looking at the chart right now with the market almost closed, it has already moved 200 points in my direction, confirming my bias. I should keep this up and hopefully this become one of my bread and butter setup. Thank you, you are an awesome trader!

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