Trade Results Breakdown
Friday, November 8, 2019
November 7th, 2019
Trade Results & Reason for Placing Trade:
Market opened in a rally forming a weak Bull Flag, as price made a New High it was met by Sellers that formed a Shooting Star, once the next candle opened a tick higher then previous bar close I placed a Market Sell Order, on a separate chart I had Cumulative Delta running and had a Trend Divergence to the Downside so I placed another Market Sell Order. I trailed position and was taken out for a 2 tick gain.
What could I have done better?
Maybe I should had placed my stop loss slightly higher, there wasn't any Resistance levels to actually use maybe if I dropped to way lower time frame I could had spotted something. I feel my entry was good.
November 6th, 2019
Trade Results & Reason for Placing Trade:
Market on Tuesday was rallying making HL pivots 3 of them I tracked. As Wednesday US Open started price took out all 3 pivot lows(8214.75/8200.50/8193.25) and at 9am EST formed 3 Black Crows, I entered Sell position once price confirmed the taking of last pivot for the chance to trade lower but following bar traded thru Stop Loss forming a Shooting Star then decided to sell off and hit my Daily level of 8168.
What could I have done better?
Probably at close of 945am Est bar when it made a Tweezers Bottom took what profit I had, and waited to see if it was a actual bullish reversal
November 8th, 2019
Trade Results & Reasons for Placing Trade:
At US Open market had a Higher Low compared to Midnight trade time but on the Cumulative Delta Bars it was showing more Selling action making Lower Lows(36355) so a Hidden Divergence to the Longside was in effect. So once the delta traded above 38855 I placed a Market Buy order. Price took out 2nd Pivot Swing High(3085) but ran into the Sellers on Delta up at 39560, once I seen that Delta wasn't gonna move past 39560 area and seen the Hidden Divergence to the Downside I reversed trade to become a Seller of market.
Thursday, November 7, 2019
Nov. 5th 2019
Trade Result and Reason for placing Trade:
Market had rallied off Daily level .6904 finding Resistance at Monthly level .6935, sold off back thru Daily level and it now acted as Resistance putting in a Pin Bar once the Marubozu Bear bar followed thru I sold the level, price missed my target by 1 tick twice and I manually exited trade.
What could I have done better?
I stayed in trade during it's consolidation period which was all session market only went 3 ticks against me the whole trade, stay out of range zone unless you're trading the top to bottom and vice versa.
November 5th, 2019
Trade Result and Reason for Placing Trade:
Market had been consolidating along the Monthly level of 1603.5 and at US Open tested level before a slight rally of 10 points, before pullback for another test of level which held again so on 2nd re-test I decided to enter a Long position taking profit at last pivot swing area of 1608, but I didn't get the follow thru I was expecting and got stopped out.
What could I have done better?
Probably paid better attention to candles and how on the 5 min chart the were place long upper wicks a indication that sellers are now up there and not allowing market to prevail in expected direction.
November 4th, 2019
Trade Result and Reason for Placing Trade:
Market was placing higher highs thru Globex Session, and upon entering US Session attempted to continue that tempo, but failed placing a lower high that candle forming a Closing Marubozu(Wick at Open non at Close) entered after following bar took out previous 2 candles. Price was getting LH/LL, putting trade at a 1:1 RR so I lowered Stop Loss to 8 ticks from entry. Was stopped out.
What could I have done better?
Applied basic technical analysis and drew a trendline across highs as price was declining, and once price closed above it exited trade.
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