End of Day Review
+0.2R
3 trades taken.
1 winner, 2 losers, 0 break even.
Tuesday 03 December 2019
End of Day Review
themabtrader
End of Day Review
Monday 02 December 2019
End of Day Review
-3.97R
4 trades taken.
0 winners, 4 losers, 0 break even.
December 2019
End of Month Review
-5.50%
38 trades taken.
10 winners, 28 losers, 0 break even.
Win ratio – 1 : 2.8
99.42% -> 93.92%
End of Week Review 23-27
+-0%
0 trades taken.
0 winners, 0 losers, 0 break even.
93.92%
End of Week Review 16-20
+8.53%
11 trades taken.
6 winners, 5 losers, 0 break even.
Win ratio – 1:0.8
85.39% -> 93.92%
+8.55R
End of Week Review 9-13
-5.74%
8 trades taken.
1 winner, 7 losers, 0 break even.
Win ratio – 1:7
-5.71R
End of Week Review 2-6
-8.29%
19 trades taken.
3 winners, 16 losers, 0 break even.
Win ratio – 1:5.3
-7.99R
Friday 15 November 2019
End of Day Review
+0.15R
I was put out of my misery quickly with this one, as price shot up through my stop loss, the Open and a key horizontal level to meet the 15min ema.
For the last half an hour or so I’ve been caught up in some low probability trades and paid the price, giving back two thirds of my profit from this mornings trade.
The arrow here shows the price spike which took me out of my previous trade, forming a FibCon before coming back up to meet the 5min ema.
As I had been waiting for the 5min MAB I entered a Sell trade, however as price had built up a lot of energy whilst at the level of resistance and was moving quickly, this may not have been the best idea.
My sights were set on an incoming 5min MAB, and so I traded a 1min MAB with the intention of price rising to meet the 5min ema. I kept my profit target below the 5min ema, and price got close, but could not break through a level of resistance before dropping to take me out of the trade.
As seen in the previous screenshot, my profit target was set at around 4R, just above the light blue key structure at 13207. After seeing some long wicks on the candles inside the Inner-Fib GZ, I closed the trade out for a +3.04R profit. I could have held my nerve a bit longer to squeeze a bit more out of the trade, but I’m happy with the 3R.
Price has since gone down through the 13207 key structure level, however I’m happy with my decision.
I’ve been in a 15min MAB trade for the last 30 minutes or so, and I’m having to hold my nerve as price is testing the 15min ema once again. I’m still confident of my read and believe that price will head down towards the Open once it gets past the obstacles of the moving averages below it.
As such, I’ve set my profit target just above a key structure level, at around 4R.
Here’s a potential 1min MAB trade that I missed in real time.
I’m liking the look of the 5min and 15min ema around the H1 EQZ midline and will be looking for a trade should price retrace to those levels.
Thursday 14 November 2019
End of Day Review
-0.95R
Wednesday 13 November 2019
End of Day Review
-0.96R
Tuesday 12 November 2019
End of Day Review
-0.97R
Monday 11 November 2019
End of Day Review
+3.66R
The set up and Role Reversal structure was very good for this trade, enough to convince me to enter the trade. The bullish candle that pushed price back up through the 1min ema made me wary, and so I moved my profit target to break even and took myself out of the trade.
I don’t want to get too confident after the last trade, and with the D1 EQZ so close by I feel I should be more cautious.
I manually closed out the trade for a +3.85R profit as price moved very close to my 4R target. I didn’t know if price would touch the D1 EQZ before moving back up, so felt that closing manually at slightly below my target was the best option.
I’m very happy with my entry, trade management and read of the market to get the most out of this move.
I entered the trade at the 5min ema, and set a couple of LiP levels to cover myself. I had to resist the urge to close out the trade as price rose back up to the GZ after narrowly missing the LiP1 trigger.
I’m aiming for a move down to the D1 EQZ at 13167.33, to give me a +4R profit.
A decent 1min MAB formed here, however I passed on it as I was waiting for a higher timeframe confluence with the 5min ema and/or 15min ema.
Friday 08 November 2019
End of Day Review
-0.98R
I’d been away from trading two weeks and thought I’d have a look at the market when I got back, to catch up before trading properly next week.
I opened the charts as this was forming, and liked the look of it so entereed a trade. I was very close to hitting my 2R target before price turned around and was a bit unlucky, however I shouldn’t have entered this trade in the first place. It was a Friday afternoon, I’d only just opened the charts and was definitely not with the flow of the price.