Refined Notes

Loss Analysis and Key Takeaways

$600 Loss Overview:

• Missed a massive supply zone near the H12 LIS (Line in the Sand).
• The supply zone ran through M1, M5, M15, and M30 order blocks from the LIS.

Technical Analysis Improvement:

• New Rule: Mark untapped supply and demand areas on the H12 lines in the sand, highs, and lows to avoid missing future entries.
• Cannot solely rely on VWAP Band extremities or the first VWAP area when the market opens in the middle of nowhere.

Entry Criteria and Strategy Adjustment

Order Block Analysis:

• Mark Prevalent Order Blocks: In the direction of the LIS, identify and mark the most relevant order blocks.
• Timeframe Correlation:
  • For each order block, wait for the reaction on the corresponding timeframe.
  • Example:
    • For an M30 order block, wait for an M30 reaction.
    • For an M15 order block, wait for a 15-minute reaction.
    • This applies similarly to M5, M1, etc.
  • Enter only when the price action reaction aligns with the order block's timeframe.

Chart Adjustments:

• Immediately start marking order blocks on charts to avoid relying solely on VWAP bands.

End of Session Reflection:

• The session ended with a bounce from the prior daily order block.
• This bounce was in confluence with:
  • 90-day 61.8% Fibonacci level.
  • Monthly ODB (Order Block).

Fibonacci Confirmation:

• 90D Model Layout:
  • Use the 90D Fibonacci with the 180 H4 default timeframe, which encompasses the swing low to high.
  • Use H4 confirmation to take trades.

By implementing these refined strategies and rules, future trades can be more accurately executed, reducing the likelihood of missing significant market signals and enhancing overall trading performance.

4o

So I had a $600 loss today, and I just had to go over it with a fine tooth comb and see what I missed. And clearly enough, There was a massive supply zone near the H12 LIS that I completely missed, and that ran from the M1, M5, M15 & M30 Orderblocks from the LIS. 

So from now on, when I am doing technical analysis. Any H12 lines in the sand, Highs & Lows, I will now mark the untapped Supply & Demand areas, so that I wont miss another entry like the one provided today. Because clearly, I cant just solely rely on the VWAP Band extremities, or the first area of VWAP to play off of first when the market opens in the middle of nowhere.

The rule will be that I will mark the most prevalent orderblocks in the direction of the LIS, but the orderblock timeframe, must correlate with the price action reaction entry model.

So for example, if we have an M30 Orderblock, we wait for the M30 reaction, If we have a M15 Orderblock, we wait for the 15 minute reaction, same applies to the 5M, 1M etc. Any orderblock that we play, must have correlating timeframe price action reaction to enter. I will have to start putting these on my charts immediately so that I dont just solely rely on the bands. 

So the session today ended with a bounce of the prior daily orderblock. Also in confluence with the 90D 61.8% fibonacci & Month ODB For this fibonacci confirmation, since I do not yet have a layout for a 90D model, I will use the 90D fibonacci, with the 180 H4 default timeframe, since it is the next timeframe up that encompasses the swing low to high. And I will use an H4 confirmation to take the trade.