This will just be a basic journal of some of my trades.
GBPUSD
Stage- D1: Anticipating a daily range expansion lower with the next objective being the draw on sell side liquidity resting at the old low.
________________________________________________
Setup- H1: Wait for price to react from a Premium PD Array and trade lower through the London Open session.
Price made the high of session at a Bearish Order Block mean threshold.
________________________________________________
Entry Pattern- M5: After seeing displacement and a FVG, I placed my sell limit at the low of the bearish Order Block.
Result: Closed in profit +28 pips/+2.1%
Stage- D1: Anticipating a daily range expansion lower with the next objective being the draw on sell side liquidity resting at the old low.
________________________________________________
Setup- H1: Wait for price to react from a Premium PD Array and trade lower through the London Open session.
Price made the high of session at a Bearish Order Block mean threshold.
________________________________________________
Entry Pattern- M5: After seeing displacement and a FVG, I placed my sell limit at the low of the bearish Order Block.
Result: Closed in profit +28 pips/+2.1%
S+P 500
Stage- D1: Anticipating a daily range expansion lower with the next objective being the FVG/Internal Range Liquidity.
________________________________________________
Setup- M15: During London Open priced moved up into Premium and moved lower through a bullish Order Block. NY open traded below this Order Block creating a Bearish Breaker Block which I used to frame the setup.
________________________________________________
Entry Pattern- M5:
Entry 1 -After seeing displacement and a FVG, I placed my sell limit at the low of the bearish Order Block.
Result: Breakeven. Hit my stop loss on this one. Due to reaching the max lot size I had to split my trade into 2 orders. What I didnt realise was that my 2nd order was actually a buy instead of a sell by accident so im lucky in that I managed to hedge myself to breakeven.
________________________________________________
Entry 2- Loss -1%. After the reaction from the M15 OB price closed back inside the breaker showing that it possibly may hold so I entered a sell stop at the open of the last up-bar.
In the heat of the moment I made the mistake of forgetting about the upcoming news release which I was previously anticipating. This news bar hit my stop before moving lower, I should have waited on the reaction to this first before considering the trade.
________________________________________________
Final Thoughts: Apart from forgetting about the news release, I should been more cautious about taking a short due to the fact that the weekly range is often capped on a Thursday NY open session.
But the M15 Breaker did manage to hold.
Stage- D1: Anticipating a daily range expansion lower with the next objective being the FVG/Internal Range Liquidity.
Setup- M15: During London Open priced moved up into Premium and moved lower through a bullish Order Block. NY open traded below this Order Block creating a Bearish Breaker Block which I used to frame the setup.
Entry Pattern- M5:
Entry 1 -After seeing displacement and a FVG, I placed my sell limit at the low of the bearish Order Block.
Result: Breakeven. Hit my stop loss on this one. Due to reaching the max lot size I had to split my trade into 2 orders. What I didnt realise was that my 2nd order was actually a buy instead of a sell by accident so im lucky in that I managed to hedge myself to breakeven.
________________________________________________
Entry 2- Loss -1%. After the reaction from the M15 OB price closed back inside the breaker showing that it possibly may hold so I entered a sell stop at the open of the last up-bar.
In the heat of the moment I made the mistake of forgetting about the upcoming news release which I was previously anticipating. This news bar hit my stop before moving lower, I should have waited on the reaction to this first before considering the trade.
________________________________________________
Final Thoughts: Apart from forgetting about the news release, I should been more cautious about taking a short due to the fact that the weekly range is often capped on a Thursday NY open session.
But the M15 Breaker did manage to hold.
- #4
- Last Post: Edited 4:23pm Apr 19, 2022 4:35am | Edited 4:23pm
- | Joined Feb 2021 | Status: Trader | 717 Posts
EURUSD
Stage- D1: Anticipating a daily range expansion lower with the next objective being the draw on sell side liquidity resting at the previous weeks low.
________________________________________________
Setup- H1: Wait for price to react from a Premium PD Array and trade lower through the London Open session.
Price made the high of the day at a Bearish Rejection Block.
________________________________________________
Entry Pattern- M5: After seeing displacement and a FVG, I placed my sell limit at the low of the FVG
________________________________________________
Result: Partial taken and breakeven stop hit. +0.5%
Stage- D1: Anticipating a daily range expansion lower with the next objective being the draw on sell side liquidity resting at the previous weeks low.
Setup- H1: Wait for price to react from a Premium PD Array and trade lower through the London Open session.
Price made the high of the day at a Bearish Rejection Block.
________________________________________________
Entry Pattern- M5: After seeing displacement and a FVG, I placed my sell limit at the low of the FVG
________________________________________________
Result: Partial taken and breakeven stop hit. +0.5%