Trades

Ok double bottom at 12pm but didn't take. Took a short since action wasn't super bullish but poor entry, channel up was fairly tight so probability not that great also should've entered below the bar.

No more trades today. Account 2057 USD. P/L -25 USD.

Took one more stab on poor follow through and exited when didn't break down, scratch trade.

Plan

Within higher TF range. News at 8.30am and 10am. No trades before 10am.

Trades

Was looking to sell the hourly resistance; sold the big bear bar at 10.50am but started to second guess my entry and exited early. Then took another short which I also closed shortly after when the bar started to reserve back. Took a long at 11.20am targeting highs which failed (in hindsight was not a good long after tight bear channel). Gave too much room for this before closing.

Account 1919 USD. P/L -141 USD.

No more trades today.

Weekly review

Good
- Did not overtrade which has been a problem
- Was patient with setups
- Paid attention to levels

Bad
- Did not have the confidence to stay in a position when finally entered a good short setup on Friday - thought about the potential loss rather than price action and acting accordingly. Asymmetric losses vs wins - I give room to my losers but cut winners quickly.
- Traded with 2x size compared to planned (2 micros vs 1) - could've been the reason for bailing out on the short


Account below 2k USD IBKR minimum, added 1.4k more. Total now 3319 USD, P/L -200 USD.

Adjustment for next week
- 1-2 trades per day
- Size 1 MES, no exceptions
- Do not exit positions unless stop hit, planned level hit or reverse setup appears

Rating 1/3

Plan

New week! Bear candle on the daily but hourly doesn't look very bearish. Expecting more range bound action, likely testing the daily EMA20.

Trades

8pt winner on second reversal down. original target was 5503 area but exited earlier since action wasn't very bearish