MinceMeat’s Trading Journal - My Walk to Freedom

Took this one late last night .... well late in the trading day for me anyways. FTB to a M5 supply zone. 70% off at 1st demand zone, 30% off at 2nd demand zone.

Profit/Loss: +1.42R

FTB to supply zone. Not a great zone to take in hindsight. Would normally look for the hourly bars to be higher momentum bars and more of a drop base drop or rally base drop. Price hung around that level for quite some time before moving away. Closed half of my position and tightened SL on remaining after price bounced off support and began to move towards entry. 2nd half was closed out for a small loss at reduced SL.

Profit/Loss: -0.07R

FTB to a m5 supply zone. Closed the trade early for a loss after zone was not being respected and equities was breakING support levels.

Profit/Loss: -0.79R

There was an opportunity for a quick 1R win on YM today with a False Breakout of a daily swing low.

Price just missed my order for a short. FTB to a previous support, now we expect to act as resistance.

Would have taken profits on most of the position by now and the rest would be at BE.

Been pretty slack updating journal of late .... some trades from last week that I took and some that I should have taken to follow.

FTB to H1 demand zone. Closed half the position after H1 close below the level. 2nd half was closed when I decided to call it a day and the probability of the trade working out had reduced. Price eventually broke higher and came close to hitting my TP area at which point I would not have taken a loss but I know in the long run the decision I made to close the trade early was the correct decision.

Profit/Loss: -0.47R

FTB to a LTF SR and supply zone. Trade was not managed very well by myself. Jumped the gun a bit and ended up closing half the trade before the close of the first H1 bar and the other half after price seemed to have found support. Price eventually went on to hit my TP area and some more but I do think that this was on the account of the news at the time but still think the trade could have been managed better by myself.

Profit/Loss: -0.72R

FTB to a M5 supply. Nailed the entry to the pip. Took 70% off at FLS and rest was taken out at BE after impulsive moves from news.

Profit/Loss: +0.83R

FTB to a daily level and Supply zone. Price came close to the level and moved on to hit the FLS. Normally I would not take the trade on the pullback to the level again but felt that the actual supply zone had not been hit and we also had the confluence of both EP and YM at supply zones and daily resistance.

Took 80% off at the FLS and the remaining position off at the next SR.

Profit/Loss: +1.1R

This one should be self explanatory. Long of an M15 demand zone.

Profit/Loss: +1.87R

Notice how price is moving from supply to demand zone.

Prob the No Brainer Trade of the year so far .... and it missed my entry by 0.3 of a pip!!!

Don't think this one needs to be explained.

Another one from last night ......

This was a FTB to a decent SR that I had marked for some time but unfortunately hit the level first thing in the morn before London open for me.

Notice how price ended up reacting to the demand zone just below the level.

Red line is the SL I would have used based on previous spikes at the level.

And don't forget this one from the 16th ..... H4 demand zone.

2 trades here .... a failed one from yesterday and a winner today after a bit of draw down mind you.

Both were SR levels with SD zones just above / below.

Forgot to include this .... this is the setup just before the long from a supply zone back in January. Nice 1 hour pinbar for confirmation.

Could have taken the short and then cut and reversed for the long.

Would have got a reaction to FLS (Not FLR as in pic) and some more depending on how you managed it.

Was away from the computer for this one last night .... but what a beauty ....

With such a strong move away from that move previously there were bound to be orders sitting there unfilled.

FTB to an SR. Not an A+ level but we had a good break of the level and I was looking for a quick reaction when price returned. Price was moving quite impulsively leading into the level which could have been a reason to not take the trade or at least reduce the risk. Closed half after price closed below the level on H1, SL was tightened to below bar lows and price took me out shortly afterwards. Tight SL was based on demand zone ..... you will see price ended up bouncing at the next zone. Don't agree with having a wider SL just to include the zone lower down, I try put my SL where I am wrong on the trade and not somewhere ridiculously further down because I am scared of taking a loss. This is something that LJ has provided some good guidance on.

Anyways, option would have been to play the lower zone as an independent setup which I may try do in the future.

Profit/Loss: -0.62R