HK May 8, 2020

I woke up and plotted my lines. I was sleepy and had a hard time plotting it and make sure to double check everything to avoid mistakes on the lines. Price looks like a hill, and it continued to go up higher so a LONG call is unlikely. I followed the score and still go to LONG as it is the call but I decided to watch the trade to adjust. Price burst up and I was given 40 points higher than the open then went back down then burst high. I closed the trade thinking that this will not hold. Price went up above r3 for both Futures and Cash and based on my theory I should have shorted it but forgot about it. Still a win on a confusing trade.

Scorecard
1 Second Chart
Hill setup
15 Minute Chart
  • Started charting at 8:45
  • Plot 11:15 / 18:30 / 5:00
  • Plot Pivot lines
  • Look for Zones – Sell Zone was identified but it was a HILL setup so I didn’t consider it.
  • Look for OS – None, but it was OS after Open, should have shorted it. TP hit for 3 times.
  • Look for Hill – looks like an almost Hill
  • Check if Trail – Trail
  • Check for alternate scenarios – There is a Trade 2 but didn’t trade.
  • Identify problem areas – Weekly PP near within 100 points.
  • Record Trade at database – Done
  • Screenshot price action – Done
  • Followed Rules – Followed rules, Need to define proper management strategy, Win, NEXT

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