Livestream Video Journal EuroDollar (Future)

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!

Good that I had my Emergency Plan yesterday. I had 2/2 Loosers with Full Size. Very happy with my Execution. Legit Setupts, they just didnt work out this Time! Next!

Today I was a little impatient with my decisions. Looks like I was trying to force a winningday today. Fortunately i had 3/4 Wins with the last Winner being big (almost caught the High of the Day).

Still not very professional the more i think about it. There is a saying in Poker: "Better lucky than good". That beeing said, i never saw those ppl coming back to the tables

I only traded real Setups and i was not seeking Trades that just were not there!

Get better on the Patience Part tomorrow!
Treat Scalps for what they are -> Dont hope!

FOMC in 45mins:

If you plan to trade such a Newsevent (after the event is over - NEVER before the announcement) you have to do pretty much 2 scenarios. I usually look for a possible Magnet to the Down AND Upside as my ultimate Target. It is very likely that the Newsevent is already priced in so i dont care about the outcome --> only the market can give me any clues here!

Up Target .14700
DownTarget .14080

We are balancing inside of YD Range so there might be enough Energy to get us to these Targets Today!

GL; only 1/2 Size for me on thisone but given the expected volatility wider stops!

i HAVE TO JOURNAL THIS DAY 4 SURE:

Emotionaltrading at its best during FOMC - FOMO, Revenge Trading...all the bad Habits i want to get rid of showed up today for no reason what so ever.

I had a great trading Day till FOMC just to give back all my Profits to turn the day into a big loosing Day.

Professional: 5
Emotions: 5
Execution: 3
Discipline: 5

HAVE TO PUNISH MYSELF --> DONE TRADING FOR THE WEEK!

Altohugh i have to say the Picture looks worse than it was because scratches were counted as loosers!. But thats the only positive thing for today!

Still preparing!

Worst Week I had for quite a while on Results as well as behavior.

A nice Winner today could not erase all the mental mistakes a made during the Week.

W/L ratio is more to 50:50 but this sofware counts scratches as a loss alltough they are slight winners (1$ per Trade )

Goal for next Week:

Come back stronger. Get rid of the FOMO

No Trading. Sick and not feeling well.
still preparing every Day.

Plan for the Day:

Be Patient before jumping on board!
Execute perfectly or miss the Trade - Observe the whole Trade till it hits the Target and manage properly!

Realised i owe you my Monthly Summary:

Last Week almost no trading due to illness. Still happy with my results! As you can see a lot more scalps with 2 Lots. Does not change much, I think i should go to ALL IN ALL OUT again and trade less so i can at least save commissions!