Time of entry: 12pm Reasons for entry: - Double bottom - Failing to close below support - Multiple rejections to support Lessons learned: - I should have closed manually after seeing multiple rejections failing to break the yellow resistance
Time of entry: 9AM Reasons for entry: - It was a scale in entry on top of my original one at the daily resistance - Break and close below 30m support now res - Retest and rejection candle failing to close above - Under 50 EMA and 200 Lessons learned: - Nothing, this was just a business expense loss, these are part of the process - I could have checked...
Time of Entry: 6PM Reasons for entry: - Double top to daily key level - 1H bearish hammer as entry - Multiple wicks to the upside Lessons learned: - Good trade getting in at the second peak but I shouldn't have closed out half the trade, I got anxious and emotions got the better of me - Once that support was broken and closed below then I could have trailed...
Time of entry: 8AM Reasons for entry: - Solid 4h break and close below this level - Retest on 1h - Failing to close above the 50 MA Lessons learned: - Against daily trend with no trend reversal patterns so Don't Trade against Daily trend unless a clear reversal pattern shows! - The 1h candle retesting the res closed above, so I shouldn't have even entered, if I...
Time of entry: 3PM Reasons for entry: - Daily head and shoulders indicating bearish sentiment - B&R of 4h key level - Nearly trendily touch - Nearly 618 touch Lessons learned: - Stupid, I've learned this lesson plenty of times before, if the 618 is at the top of my zone, wait for the fucking 618 to be touched as my entry and nothing else, also stops should...
Time of entry: 9am Reasons for entry: - Multiple failures to close above resistance - 2hr 800ema lining up with resistance - Bearish marubozu as entry Lessons learned: - Entry could have been one of the dojis that was failing to break resistance - I should have used volume after seeing the 4H close with a long wick to the downside, as this had no bullish...
Time of entry: 2pm Reasons for entry: - 30m showing signs of rejection to daily support Thats literally it this was a terrible trade to take! Lessons learned: - I shouldn't have bought when pound was that weak - I believe it was risk off to so JPY up - I don't day trade like that so I shouldn't have entered the trade - Its okay to not trade all week, I'm a...
Time of entry: 2pm Reasons for entry: - Break & Retest of 4H level - Uptrend - Broken long term downtrend - 1h hammer - 38.2 fib rejected - Close back above 800 EMA Lessons learned: - Stops were well placed just below the fib under the support - I should have set TP to the midline of the daily key resistance because fib extension lined up perfect with it -...
Time of entry: 5pm Reasons for entry: - B&R of Daily support - Multiple 2h dojis holding resistance - Well under EMAs - 4H close on midline - Fundamentally strong pound as lockdown is easing Lessons learned: - Well held out handling the fluctuations and not closing when the support was being rejected - I could have closed out earlier when I saw the 1H...
Time of entry: 11am Reasons for entry: B&R of support Ascending channel broken Shooting star formed 50 EMA rejected Lessons learned: - DONT GO AGAINST RISK SENTIMENT - DONT BREAK TRADING PLAN
Time of Entry: 11am Reasons for entry: Downtrend Head and shoulders neckline B&R 38.2 lining up with midline Failures to close above midline Lessons learned: DONT GO AGAINST RISK SENTIMENT DONT TRADE BEFORE NEWS ESPECIALLY UNEMPLOYMENT
Time of entry: 11AM Reasons for entry: - Break and retest of trend line - 61.6 rejection - Below support so I was taking advantage of the stop hunts - Risk off so weak AUD Lessons learned: - If the 618 is quite bit below the support / above resistance then be weary and ideally I want that candle to close back above the support otherwise it is confirmation...
Time of entry: 9AM Reasons for entry: - 3rd TL touch - 618 fib Touch - B&R of 4H level Lessons learned: - I should have checked risk sentiment as it was strong risk off and so i shouldnt have got in this trade against the Yen - Perfect entry so stops were at break even luckily enough
Time of entry: 1PM Reasons for entry: - Uptrend - B&R of res turned support (1h) - 50 fib lining up perfect with midline of supp - Risk off so weak AUD Lessons learned: - 618 was perfect entry again i could have taken advantage of the stop hunt there, it also lined up perfectly with 800hr EMA - I should have closed at 4% because it was 1:2 and it was getting...
Time of entry: 11AM Reasons for entry: - B&R of Daily key level - Messy double top - 50 fib rejected - Downtrend Lessons learned: - I missed my ideal entry for the trade where the orange box is - Entry wasn't perfect so i shouldn't have taken it - Ideal entry here was wait for the 618 to be touched at least, that way i have took advantage of the stop hunt - I...
Time of entry: 2PM Reasons for entry: - Downtrend - B&R of 4H key support turned resistance - 618 fib rejected - 800 Hour MA lined up perfect with res too - Risk Off flows Lessons learned: - Absolutely perfect entry with good tight but safe stop loss - Well closed out seeing the double bottom and the support holding - I could have closed with 0.5% more...