1M Bullish FVG Reversal , 50% PML to PMH FIB , Resistance 1M Variation Entry,

It sounds like you're going through a rough trading period, but there are valuable takeaways from your notes that can help you improve your approach. Here are the key points to focus on:

1. Frustration with Displacement Strategy: You mentioned adapting your strategy to focus on displacements, but today's result has increased your frustration. This could indicate that either the market conditions weren't favorable for this strategy, or it requires further fine-tuning.

2. Clearer Rule on Support/Resistance: You've learned that taking trades against support or resistance levels, especially if an FVG (Fair Value Gap) is created into these areas, is not working as expected. This provides a critical rule moving forward: avoid trades against these levels when an FVG is involved. This adjustment can prevent future losses.

3. Emotional Toll and Potential Burnout: You're clearly feeling the emotional strain from inconsistent results, feeling stuck between breakeven and not seeing the desired progress. This is crucial to recognize because emotional trading can lead to impulsive decisions and further setbacks.

4. Contemplation of a Break: Considering taking a break for the rest of the month if you're in the red could actually be beneficial. Stepping away can give you perspective and help reset your mindset, which is critical for emotional balance in trading.

5. Reassess Your System: Your win rate for the month has been around 20%, which shows that the current strategy needs more than just slight adjustments. A thorough review of your journal and an emphasis on what's been working (even if rarely) is necessary to find a sustainable system.

6. The Importance of Emotional Resilience: Your notes express frustration with feeling like you're constantly taking "one step forward and two steps back." Trading success requires not only a sound strategy but also the mental resilience to manage these setbacks without them affecting your decision-making.

Potential Actionable Steps:

• Revise your Displacement Strategy: See if there’s a specific market condition or timeframe where displacements work best and stick to those setups.

• Focus on High-Probability Trades: Ensure you're only taking trades with the strongest confluence of factors (support/resistance, FVG alignment, multi-timeframe analysis).

• Consider a Break: If the emotional strain is too high, taking a break might refresh your perspective and prevent burnout.

• Journal Analysis: Review your trades from the month to identify patterns in your losses and adjust based on those insights.

Staying disciplined, even in difficult times, is key to turning things around.

 

 

 

 

Another horrendus, annoying, taunting, dreadful, waste of time, waste of day at your cumputer screen, ass backwards, does everything the fucking opposite of whatever the fuck you do trading day.

I said Id focus on displacements. Well well well, perfect timing the to try to adapt to this fucking shitbox of a marketplace and make adjustments to your prior strategy that has almost a 20% win rate for this month. today if would of fucking worked. 

Cant win.

Next time, dont take a trade against a support or resistance level if an FVG was created into that specific support or resistance level. Because apparently it doesnt work and you just get inverted and reversed on.

Heavily contemplating not trading the rest of this month if I end this week in the red. 

I am quite sick of taking 1 step forward and 2 steps back, clawing my way to fuckin breakeven, and just having my future or first payout constantly fucking taunted in front of my eyes. Its literally sick am I am truely quitting this shit if it doesnt work this time.

 

 

 

1M Displacement (Bearish), 50% Mean Reversion Target, BSL Swept, Limit Order, Price Action,

Here are the key takeaways from your trading notes:

1. Shift in Strategy Focus:

   • You focused on using displacement price action over your typical variation entries, aiming to reduce losses and increase win rate. This is based on noticing that starting sessions with losses has hurt your performance, often leaving you spending the day climbing back to breakeven or negative.

2. Reduction in Trade Volume:

   • By waiting for clear displacement before entering a trade, you're intentionally lowering your trading volume. This strategy led to a low drawdown winning trade today, reinforcing the potential of this approach to improve your win rate.

3. Missed Opportunity Reflection:

   • You missed a major trade the previous day because price missed your key level by a few ticks. Reflecting on this has sharpened your understanding of the importance of timing and patience when waiting for your setups.

4. Market Context and Execution:

   • You noticed buy-side liquidity was swept early in the session, with the market overextended. Rather than following the trend, you strategically planned a contrarian trade by looking for bearish displacement as a signal of weakness to short, given the downside risk of going long.

5. Refinement of Entry Model:

   • You’re considering replacing your variation entry with the new "Price Action Response" model, focusing on displacement for stronger confirmation and tighter stop losses.
   • This new model has shown promise, as displacement typically occurs shortly after strong variation entries, but waiting for it upfront reduces the chance of taking "papercuts" (small losses).

6. Forward Testing and Risk Management:

   • You are forward testing this entry model for the rest of the week, using smaller size (1 contract) to prove its worth alongside your daily trading plan. Your risk management has been conservative as you build confidence in the new approach.

7. Milestone Achievement:

   • You've completed the 5/5 $200 winning days needed for a payout. The next step is to generate profit, which feels like a significant personal breakthrough after six years of disciplined trading.

8. Optimism and Motivation:

   • You expressed excitement about the potential of your new entry model, looking forward to scaling up and achieving your first payout. You're motivated by the possibility of turning trading into a career and lifestyle you've long aspired to.

Summary of Key Points:

• Adapting to displacement price action to improve win rate and reduce overtrading.
• Lower trade volume by focusing on high-probability setups, leading to cleaner trades.
• Using this week as a forward testing period to validate the new entry model.
• Excitement and momentum building after completing 5/5 winning days needed for a payout.
• A clear path forward to scaling up and aiming for consistent profitability.

This mindset and approach should help you sharpen your skills and move closer to achieving your long-term goals.

 

 

 

 

I came into todays trading session with a key intention to focus on displacement price action reactions instead of my variations. The reason being is that since the start of this month, my win rate has been absolutely atrocious, and I am noticing that I have been starting each trading session with a loss, and I am either spending all day trying to climb back, or I am breakeven or negative. 

So I figured that waiting for displacement, will lower my trading volume, and potentially increase my win rate, and today I had a nice winner, with a very low drawdown entry.

I missed an extreme low risk high reward trade yesterday during the overnight session, because price failed to hit my key level by a few ticks, before it displaced higher, and came back to tag what was my mental entry long, and it wound up running over 300 points.

So I came into the session today, noticing that buy side liquidity was being swept pretty decisively. And I wanted to play against the majorty and look for a short opportunity on an overextended market. Not only because we were extended from the overnight, but because from the 930 open, greedy bulls started squeezing shorts to the upside. So my plan was simply to wait for an price action that signaled weakness to play against the trend. Simply because there was too muh downside risk taking longs. 

So instead of me playing a variation entry to the downside with my VWAP bands as usual, I specifically wanted to wait for bearish displacement to show strength in a downside move. And if these displacements prove a stronger signal in the future, I will likely consider completely replacing my variation entry signal, with displacement and re define this type of entry as my 'Price Action Response' entry. 

One thing that I have noticed about this entry system, is that is seems I can keep stoplosses a bit tighter than my variation entry signal. 

And usually, If my variation entry was very strong, it would usualy displace shortly after my entry, and if not, I would take endless papercuts trading that entry model.

I simply had to figure out a way to cut out all of the papercut losses and wait for more confirmation. And I will stick with this for the rest of the week to forward test it. 

Im excited to see todays trading session in Hindsight, because I would have liked to have still been in this trade short, but because its a new entry model, I have slashed risk to only 1 contract, and have a plan to make back my losses on the account, and proce this entry model worth alongside my daily trading plan, so that I can start trading with more size again, and get my FIRST PAYOUT BABY!!!.

Today I also made all of the 5/5 $200 trading days needed in order to get a payout, so now all I have to do is generate profit, and I will finally reap the rewards of 6 years of disciplined work. I can feel it coming.

Trade smart, trade safe, take one good trade each day, and youll be on your way to not only a payout, but potentially a career and life that you could only dream of. 

10D 30M Bearish Orderblock Short, 20D 1 Hour , 5 minute (No Drawdown Entry), M1 Bullish to Bearish Variation,

Here are the key takeaways from your trading notes:

1. Adapting Strategy:

   • You've moved away from relying heavily on VWAP bands, which were previously your "easy money" setups, and are now focusing more on fine-tuning support and resistance levels on lower timeframes and unswept liquidity areas for precise entries.
   • You've been forward-testing an "Orderblock VWAP" strategy, focusing on swing highs or lows and the interaction between contradicting trends across timeframes.

2. Improvement and Wins:

   • Although your win rate is below average, you’ve achieved back-to-back winning days, signaling progress and positive momentum.
   • You've reached 4 out of 5 necessary $200 winning days needed for your first payout, showing discipline and focus on a key milestone.

3. Market Conditions:

   • The October market has been challenging, but you're staying optimistic and focused on making your first payout by being more selective with trades.
   • You are now aiming to lower your trade volume by only taking A+ setups, refining your entries to ensure higher-quality trades.

4. Risk Management:

   • You are adapting your risk management approach by halving your profit target and taking mean reversion trades instead of targeting lower VWAP bands, which haven’t been playing out in the current market conditions.
   • You're aware of how wide stop losses can get, particularly noting that if they exceed 10% of the average true range (ATR) of the asset, you should avoid the trade for tighter risk management.

5. Lessons Learned from Papercuts:

   • After experiencing several small losses ("papercuts") on the 2-minute chart, you’ve learned that following the "next highest timeframe rule" (e.g., re-entering based on the 5-minute chart) might help mitigate overtrading.
   • You also observed that higher timeframes like the 5-minute chart, in alignment with 30-minute and 1-hour order blocks, offered cleaner entries with no drawdown in this case.

6. Focus on Price Action:

   • You've shifted from indicators to analyzing price action with a "fine-tooth comb" to identify extremities and order block areas.
   • You're emphasizing the importance of unswept liquidity and are becoming more comfortable with price action as a primary tool for identifying entry points.

In summary, you are gradually refining your approach by becoming more selective, reducing reliance on VWAP, using multi-timeframe analysis for cleaner entries, and improving risk management. Your forward-testing of the Orderblock VWAP strategy and awareness of stop-loss width are helping mitigate overtrading, positioning you closer to consistent success.

 

 

 

 

I took multiple papercuts before eventually hitting the short side trade that worked.

I decided to trade on the 2 minute chart today, and kept a consistent focus on really fine tuning the true support and resistance areas on the lower timeframes for more precise entries.

So far, although my win rate is still below average, I have been to stack up my first back to back winning days. So its a step back in the right direction. 

Since I havent been able to rely on the VWAP bands as I have in the past, with my easy money setups. I have had to really dig through the price action with a fine tooth comb and decipher the extremities to trade off of. 

Overall, this market in October has been extrememly difficult, but Im staying optimistic that I can turn it around and get my first ever payout.

I have now completed 4/5 $200 dollar winning days needed in order to get my first payout. So for now, I am going to continue staying extrememly selective with my trades so that I can lower my trading volume and only take what I see as A+ trading setups.

I also cut todays profit target in half, and took the cover at the mean reversion area, rather than targeting the lowerband, since those trades havent been playing out.

So now instead of relying on the VWAP and bands as I have the prior month, Im mostly solely relying on support and resistance thats identified through price action, and unswept liquidity areas from orderblocks.

Again, I am still continuing to forward test this Orderblock VWAP, where I fine tune the extremities in price, trying to locate the best possible price I can find where I can mitigate risk near swing highs or lows that are holding contradicting trends throughout different timeframes throughout the daily charts. 

And I am also noticing, that upon taking multiple papercuts on the 2 minute chart today, I was going to trade the next highest timeframe rule, and only re enter if I see a trade on the 5 minute, and Im now noticing in hindsight, that the bullish to bearish variation that was presented on the 5 minute chart, off of the 30 minute and 1 hour bearish orderblocks, protecting the 10 day and 20 day swing high, was a no drawdown entry from the 5 minute chart. It seems that the next highest timeframe rule is one of the only things I can potentially follow to mitigate overtrading and taking more papercuts than I should be. The only thing is I have to be very aware of how wide the stoplosses are, because if they are more than 10% of the average true range for the asset that im trading, than I should disregard the trade and wait for a way to enter with tighter risk management.