HK April 7, 2020

I woke up, felt really sleepy. Plotted my lines and was done in 10 minutes. Plotted Fibonacci and saw that there is a sell zone above and almost HILL setup. Score was LONG and was long the whole time. I then went for LONG and it encountered resistance at the open. It went down and hit my SL.

Scorecard
1 Minute Chart
15 Minute Chart
Trade 1 and 2 distance movement
  • Started charting at 8:45
  • Plot 11:15 / 18:30 / 5:00
  • Plot Pivot lines
  • Look for Zones – Sell Zone was identified just above before market open. Minor sell zone was not added. I need to consider the resistance next time and managed after.
  • Look for OS – None
  • Look for Hill – looks like an almost Hill
  • Check if Trail – None Trail
  • Check for alternate scenarios – There is a Trade 2 but didn’t trade.
  • Identify problem areas – PP cash was 27 points above the open. 3 Sell Zone above. Weekly PP and Monthly PP near top within 200 points.
  • Record Trade at database – Done
  • Screenshot price action – Done
  • Followed Rules – Followed rules, Need to define proper management strategy, Lose, NEXT

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