Wednesday December 4th Gameplan Intraday Levels

4 Dis 2024

My gameplan going into the next day's NY session will be to watch the level 44,825 and see if/how price pulls into that level and how it reacts. If I see a little doji then I will go Long.

The level I will watch on the upside is 45,095. I don't know if price will break that level or reject again temporarily.

The weekly opening price of 45,050 is a prime target to hit

If these levels hold as the top and bottom for the day, then that will be a 275-tick range for the day. Of course I don't know anything until tomorrow. These are just my assumptions and what I feel is the most likely outcome. I am going in tomorrow with a bias for buying and into a pullback area.

As usual, my own personal intraday stops and targets are always 50 stop, 125 target for a 2.5 to 1. Intraday, I just grind out base hit after base hit. Sometimes I strike, sometimes I hit. 1 win takes care of 2 losers plus commissions.

4 Dis 2024

Nota

This should make a higher low and break structure to the upside for the push phase back up.

4 Dis 2024

Dagangan aktif

I am Long at 44,948 as a day trade. Stop is 50 ticks under this candle. Target is 125 ticks. I am using this tail wick candle that shot down to the open price and then rallied back up. Price was selling off and slowing down in the bottom 66% of this tail. It leads me to believe that they already got their orders so why would they go back down there again.

I don't know if this trade idea will pan out. I am willing to try for 1R

4 Dis 2024

Dagangan ditutup: sasaran tercapai

I ended up dipping out for 111 ticks. I am not going to risk it for another 10 ticks or so. Got 2.2R out of this one. I am done for the day. Trade idea played out.

Not exactly how I planned the day, but I was able to react accordingly and trade what was in front of me.

4 Dis 2024

Nota

I saw a second entry for another trade at support and I had to take it. I can't pick and choose which setups to take. I got filled at 44,982 and am using my same 50 tick stop and 114 tick target. Lets see how this trade idea plays out. If it loses then I am still up 1.2R on the day. If it hits target, 4.4R.

4 Dis 2024

Nota

Trade was a loss. Part of the game. It didn't play out how I expected it to. I got out at 50 ticks.

4 Dis 2024

Nota

To me, taking losses in a controlled way is my only job as a trader. It is the only thing that I am able to control. I can't control what the market does after I get in and I can't push the market up. I take my small loss because the market can't stop itself. I don't know how much farther the market will drop past my stop and I don't care. I am out at 50 ticks no matter what.

4 Dis 2024

Nota

This is my final post for my review today. I did some things well and I made some errors.

What I did correct:

I used the 08:45am wick candle as support and bought a doji candle in the bottom 66% of the candle.
I went for a second trade after a win. Something I struggle with because I like to hit 1 win and done.
I always take my 50 tick stops no matter what.
Still ended the day +1.2R

What I fumbled on:

I used the wick candle to buy near the bottom of the range but yet on the second trade I had a lapse in judgement and bought a pullback trade that was in the middle. I was stopped out by a wick before it went in my direction and to target, without me.






I would love anybody's feedback on my performance for today. I always strive to be the best that I can. I am always looking to improve my game.