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Thursday 9 July

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<< Tue 7 July

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Fri 10 July >>

End of Day Review

-3.14%

4 trades taken.

0 winners, 3 losers, 1 break even.

15:02

M5 MAB | Sell | -1.08R

14:54

M1 MAB | Sell | -1.00R

14:44

potential M1 MAB + 50.0 FIBCON | Sell

I was waiting for a deeper pullback into the GZ before entering the trade, however the presence of PW High confluent with the 50.0 level of the GZ should have dictated where to enter the trade.

14:31

UPDATE: breakeven M1 REVFIB | Sell

If I had accepted the risk and left my stop loss alone, the PA eventually pushed through to my 2R target at 14:30.

13:59

breakeven M1 REVFIB | Sell | +0.02R

10:45

failed M5 MAB | Sell | -1.11R

09:39

potential REVFIB | Sell

Tuesday 30 June

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<< Mon 29 June

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Wed 1 July >>

End of Day Review

+0.20%

2 trades taken.

1 winner, 1 loser, 0 break even.

WNTA Losers: 1

16:00

potential M1 MAB | Buy

13:51

M1 REVFIB | Buy | +1.19R

Could have possibly squeezed some more profit out of this trade, but I was happy enough to get profits to cover my last failed trade, and closed at the 50 fib level of the potential Sell trade GZ.

12:57

failed M5 MAB | Buy | -1.00R

I kind of knew that I shouldn’t be entering this trade, as the PA had formed a double top at the 12318 level which had previously been resistive, and could start working it’s way back down into the range.

I’d missed/passed on a couple of potential trades earlier in the day, and wanted a winner, so entered anyway.

I need to listen to my gut when it tells me to hold fire and just watch! WNTA.

12:07

potential M5 MAB | Buy

10:25

potential M1 REVFIB | Buy

Friday 26 June

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<< Thu 25 June

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End of Day Review

+0.44%

3 trades taken.

1 winner, 2 losers, 0 break even.

WNTA Losers: 1

13:33

M5 MAB | Sell | +2.10R

12:44

potential REVFIB | Sell

Passed on this trade, as I wanted confluence with a moving average to give me more assurance. After losing two trades today I was hesitant to get into another trade.

09:47

failed H1 MAB | Sell | -1.03R

I entered this trade because I had lost the last trade, and believed that price would move back down to the 12207 level.

I liked the confluence of the H4, H1 and M15 moving averages, however I usually don’t succeed with these higher timeframe MAB taken on the M1 chart, and this trade came out of emotion from the last trade.

I shouldn’t have been in another Sell trade so quickly after the last failed trade, I need to stop letting these emotion driven trades negatively effect my results, WNTA.

09:44

failed M5 MAB | Sell | -1.02R

Structure was good and there was good role reversal at the GZ, WTA.