Livestream Video Journal EuroDollar (Future)

February Recap:
Until Wednesday this Week I traded very solid, but still with some Emotions while in the Trade. In the 2nd Week of February I had almost 50Trades wich is way too much and ended up break even. The upcoming Week I traded very nitty and was picky with my Tradingdecisions: Only Trades where i have a good STOP Placement within my Riskparameters --> Ended up beeing the best Week of my short "career". After I realised that I almost did not Trade this Week I started to behave like "old" me and looked for Trades (gambles). They ended up beeing big Loosers and washed away my winnings of the Month.

Results (Costs included):

Goals for next Week:


Only solid Setups and picky with my Risk --> minimum 1:1 of R:R

Take what the Market gives you --> DONT HOPE! (Once i feel "hope" --> FLAT, also take the Looser!)

Ride the Momentum - Dont Fade the Momentum (This is what i did last 2 Days)

Weeks Recap so far:

In alignment with the Market so far.
Execution is patient but sometimes to hesitant! --> Deal with the uncertainty - Dont avoid it! This is where 1 Lot trading is very difficult compared to scale in scale out!

Improvement for the Rest of the Week: Only Trade 3 Setups - ON Stat / in Range, out of Range Stats / IB Extension all WITHIN CONTEXT --> Context always wins!

Trading today:
Frustrating but green. Only had 2 Trades. I have been on the right Side but my Targets missed by couple of ticks twice before they came back to my entry+2 (SL Moved by Rules) --> +4Ticks - 2 Ticks Costs= +2Ticks.

The thing that really makes me mad though is that i was away from the screen on both moves so i would have been able to trail aggressively/Take Profit before.

Coulda Shoulda Woulda!

Goal for Tomorrow:

Either dont touch the Stop and let the Trade run out OR Manage Trade on failure of momentum (take what the Market gives you) and Reenter at same Price

After last Weeks poor Trade I traded really well this Week and got rewarded!

After this Weeks exceptionally well and disciplined Trading my Goal for the remaining Weeks of March is keep the same approach. Dont change anything! Keep trading these 3 Setups and keep trading with Momentum!

If March shows good expectancy (>1) over 50 Trades I´ll start to size up!

Did not journal much this Week because there was not much to say about my trading. Felt like i missed out on some Trades every day, but at the End it was all patience, waiting for the real opportunity and let the right R:R set up! 1+ for Patience 1+ for Execution 2 for leting the Trade run out (took some Profits too early but i had my reasons given Orderflow! Left some Ticks on the Table in hindsight!)

Goals for the upcoming Week:

 

1. Grade Setups into PRIME (within Context and Trend) and just+EV (against either Context or Trend): PRIME= Full Size just +EV= 1/2 Size!
2. Let the Trade run out!
3. Mentalgame:
   1. Implement a good habit (routine) before i start the session
   2. Write a short Executionplan for the Day (What do i need to see to trigger the Trade; What Setups am i looking for)
   3. Write a Risk/Emergency Plan for the Day (When will i stop trading for the Day - If I loose 3 Trades in a row/ If i loose x$ I do have to take a 1hour break...
   4. Implement a routine that tells my mind that the tradingday is over and real life starts!

   
   

Executionplan:

1. Trade the Pullback of the Momentum: Prime (confluence with high% Target in the Direction of the Momentum)
2. Fade Moves to the Upside/Downside of 5-8 Pips into a Zone with absobtion showing or light Volume! --> In line with Context!

Emergency Plan:

1. If i loose 2 Trades in a row i need to leave the Screen for 30 Minutes. After I come back i review the present Day again and start "fresh"
2. If i loose 2 more i am done trading for the Day!