End of Day Review
+2.50%
4 trades taken.
2 winners, 1 losers, 1 break even.
WNTA Losers: 1
15:55
Selloff from 12429
Decided to call it a day after my last trade, as I could see some bad decisions creeping in.
Perhaps I should have stuck around a bit longer though, as there were two great chances for Sell trades as price sold off from the 12429 level as predicted. This is confluent with the 61.8 of a fib drawn on the D1 timeframe.
14:28
failed micro-FIBCON | Sell | -1.05R
I got a bit carried away with this one, shouldn’t have been anywhere near a trade! No confluence with the 1min ema or a key structure level, choppy price, WNTA.
13:48
M1 MAB | Buy | +0.98R
My profit target was set just underneath the 12411 level, but I should have probably taken the 2R that price reached, as price was starting to slow, and 2pm was approaching. I moved my Stop Loss to just under the 12392 level at +1R, which got hit at 14:00.
13:32
FIBCON | Buy | +2.51R
The gap up showed some strong Bullish momentum and so I entered a Buy trade at the pullback.
I took profits earlier than I would have really liked, as I can see price making a go for the 12429 level, however I wanted to bank that profit!
12:29
breakeven REVFIB/FIBCON | Sell | +0.04R
12:00
M1 Morning Analysis
I deemed the latest M1 MAB as low probability as it occured at the session High and a possible Top of Range.