TRADING JOURNAL - 3.21.2024

3.21 Initial AM Sell Setup Analysis (Sell Limit Execution) - Morning Analysis based on ICT's 2022 Mentorship.

註釋

I started analyzing this at 9:02 a after the 5a 4H candle closed & I got lucky with my timing.

this being the case, my entry was technically supposed to be the red line in my fibonacci however i adjusted my entry to be the bottom of the -FVG found on the one minute, between candles 8:46 and 8:48, or the high of the 8:48a candle. at 9:07 i completed my analysis and it got active at 9:09. I'll show the 1 minute chart in my Telegram channel.

Tried to post my analysis earlier but I start work at 9a & i do my analysis in between calls to not impact my work productivity. Once I transition to an earlier shift, this shouldn't be an issue and i can start my analysis once the 9a candle opens.

註釋

ahaaaaa, i fell into the same trap as yesterday. See that FVG marked out at 6a?

that could have been an entry for a long 5:1 buy. I'm just now seeing it after being committed. wow. let's see how this plays out.

註釋

it's so funny, man. When i was trading NQH2024, I perfected the buy model and could see it everywhere, now that I mastered the sell model, it's like I can only see one or the other, but not both at the same time.

That's the gap I'm trying to close. I need to be able to see both sides of the market and choose the likeliest that will allow me to hit 5:1 Ratio 100% of the time. That's a personal goal.

Back to taking notes.

註釋

i zoomed out and this sell is so perfect that if it buys, I'm really going to take it personally and lock in for real haha.

Price took out Buyside Liquidity above 3.8.2024's high on all timeframes up to the daily chart and it's now prime for a deep sell off to what, maybe 18530 safely. This is me forecasting though, once we see what price actually does, we'll move accordingly.

手動結束交易

I'm taking the loss on this one. Price is currently sitting at 16697.25 atm.

I'm going to lock in and take notes on the Episode 2 of the ICT 2022 Mentorship and then continue from there. I'm not touching the charts until Sunday so I can backtest.

between yesterday and today, the bias has been a buy but I keep creating counter setups because the sell bias was in my mind for a minute and I was consistently successful and im trying to predict that next downtrend smh. I'm being rigid, a bad habit i need to break.

註釋

just back from lunch and passively watching price play out as the trade was expected, price hasn't hit stop loss yet. halfway to 2:1 ratio.

註釋

This trade hit 2:1 ratio, watching to see what price does.

註釋

Trade hit 5:1 ratio per the fib, but it would have hit the fib's stop loss prior to actually hitting take profit, hence the short position TP being further down for a true 5:1 trade, in relation to the actual stop input.

This being the case, the trade is considered profitable for my standards and successful. even though it didn't hit true tp as of yet.