Dashfx1990 Trade Journal

My trading journal. Ill be posting all of my trades from here on, come what may. The main objective is to Keep it Honest (be true to myself), and continue to educate / improve on my trading psychology. The key areas to work on are Patience & Discipline.
Strategy is per the following:
- Product: E6 (Live Account - focus on one product).
- Intraday: London/ Europe session (& possibly the start of the US session).
- Chart: 250 Volume Candlestick and Number Bar, and DOM.
- Predetermine the short term (1-2 days) supply & demand zones, and any other key areas of interest.
- Read the order flow based on Sierra Charts Numbers Bars, Volume Profiles (at Swing High/Lows, placed over key areas to determine POC / value areas), & Market Depth Historical Graph. These items are a work in progress in regards to my current education.
If I Don't post on any particular day its due to either no trades taken, or I simply wasn't trading.

good luck with the journal and trade well

As I mentioned I need to work on my patience. Got in a little too early so couldn't even get to BE before being stopped out for -10. Was looking for the reversal off this level. Preference is for it to reverse, and then pullback a few points before continuing on. That's when I need to be looking for the entry. However there was a sea of red on the 'Time & Sales', and the Number Bar chart looked promising.
I made a promise to never re-enter on a losing trade / setup. For me personally I find it's better to write it off, have a break, and then reset.

It's always easy in hindsight, but after replaying the days activity (thanks Rocky) I can see that my bias was too heavily weighted to the downside after that big drop off from 1.07. A short term trend was established to the upside once it broke back up through 1.066.

Price traded up to the Supply zone, and dropped off nicely. Good momentum on both the Time & Sales, and Number Bar chart. However it couldn't go on with it, and smashed straight through to the upside. Supply has now become Demand? +15 ticks (7.5 points - Sim Acc).

Have added the British Pound futures in addition to the Euro. Doing these on the Sim Acc for a couple of days before continuing with the Live Account. Took a Short as the price started to fall away from the Supply zone. Not sure if the zone I drew is correct, but I believe that the preferred area of interest is where the price accelerates away from?
Bailed out at +3. There was no follow through so decided to exit and move on. Will probably regret it!

Short trade. Reversal from a predesignated zone. Tight Initial Stop 12 ticks. Very slow PA, so moved PT to 1:1.5 RR. Took some heat, and it took a while to hit the PT. +18 ticks (+9 pips), 6 tick DD. I struggle with risk of more than 10 pips (E6 - 20 ticks), so the focus is on RR of 1.5 - 2 times and keeping the risk down around to an average of 7-8 pips (E6 - 14-16 ticks).

+14 ticks. Utilised the DOM and the Number Bar chart, could see good volume start to appear just as price was about to break through @ 813 to go higher. Target was always up into the highlighted range, aiming for 18 ticks which got hit but not executed. Once the reverse volume (138 v) came in on the Number Bar chart I bailed for +14 ticks.
Lots of news out later so will sit on the sidelines for a while.