Pure Support and Resistance

0 Win 1 Loss

One big failed trade on SPX today -1.5%


Double bottom formed at a level of consolidation a level that had been both support and resistance several times in the past. However this time it was failed. I don't normally trade double bottoms and was in too much of a hurry to make my first trade of the challenge. Monday will be different hopefully anyways.

0 win 2 loss

0 win 3 loss

1 win 3 loss

Just entered a trade for over night. Here is the start I'll edit later


Moved stop to breakeven


I'm out just under +1R

1 win 4 loss

2 win 4 loss

Next trade
Closed half @ 2R and moved stop to break even


When it came back down to 2R I closed the full position

Trade opened


closed for break even

2 win 5 loss

Lets see if resistance holds

Counter trend always gets me

2 win 6 loss



Out for break even

Another break even trade

2 win 7 loss

2 win 8loss

Last trade of the night win or loss. Descending triangle

2 win 8 loss

Out for +$99 I'll call it break even

Another quick trade +$176 I noticed after entry price was trading into a hourly high so I decided to get out with small profit

This week I experienced several flaws in my trading activity. The following are improvements to implement in the future

 

1. Stick to trading plan which includes FVG and Support/Resistance
2. Stop revenge trading
3. No more willy nilly entries

Here are my account stats

I had one big loss and blew the account.