dreezyreeve's /MNQ Trade $0.00
Trade Details
Performance Metrics
| Entry CPU | Exit CPU | Fees | Max Amount | Max Cost | P&L % | P&L $ |
|---|---|---|---|---|---|---|
| 0.00 | 0.00 | $0.00 | 0.0 | $0.00 | 0.00% | $0.00 |
Transactions
2 entries| Date | Side | Amount | Price | Commission | Reg Fee |
|---|---|---|---|---|---|
| Jul 08, 2024 10:35:00 | Entry | 0.0 | $0.00 | $0.00 | $0.00 |
| Jul 08, 2024 11:35:00 | Exit | 0.0 | $0.00 | $0.00 | $0.00 |
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Trade Of The Day Setup - July 8, 2024
Market Conditions and Setup:
- Difficulty of the Session: Acknowledge that the trading day was tough, with challenges like being stopped out of a prior long.
- Entry Signal: Identified a long entry opportunity around the premarket open (PMO), which coincided with a stop run that turned out to be the low of the day.
- Additional Signals: Utilized an M1 TTM squeeze long signal and a test of the lower VWAP band for entry confirmation.
Learnings and Adjustments:
- Referring Back to Setups: Recognize the value of documenting and referring back to "Trade of the Day" setups for future trading sessions. This approach helps in anticipating similar setups and improving execution.
- Predominant Trend: Reflect on the importance of identifying and following the predominant long bias trend, which was supported by bullish signals from weekly, daily, and H12 charts.
- Strategy Adjustment: Plan to adhere closely to the bullish trend premise in upcoming sessions to potentially capitalize on similar setups.
Moving Forward:
- Learning from Challenges: Take lessons from the tough trading session to refine strategies and improve decision-making.
- Consistency in Approach: Maintain discipline in analyzing and executing trades based on identified setups and trend biases.
- Preparation: Continue using historical setups and market analysis to prepare for future trading opportunities effectively.
Trade Of The Day Setup 7/08/2024
Todays trading session was very difficult. I was stopped out of a prior long and that stop run was actually the low around the PMO(premarketopen) where the long of the day entry was provided. I also had other signals like a M1 TTM squeeze long signal, and a test of the lower VWAP band for an entry. So next time this type of trading day/setup is in play, I will use this trade of the day concept to refer back to a likely setup that can play out again in the future.
I could have figured that the predominant trend would still remain long biased due to the fact that the superior trend remained bullish from the weekly, daily and h12 charts. I have to follow this premise tomorrow so that I can bounce back.