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Trading Journal: Price Action & Volume - April 22, 2024
The first trade was a large spread bar with volume behind it, closing at the high. Also, the price failed to reach/touch the bearish channel below (bullish). I took one long at MKT at the close of the bar and added as the bulls continued. I took profits at the Double Top /ON highs, which happens to be 10+ Points. The second trade was really a mistake (was added to!) and should not been taken, even though it worked as planned. The PA was very strong, and it could have easily moved much higher leading into a daily loss or breakeven instead of another 10-point day. I moved my target to +5 and got that on both positions. I am up 17.75 points for the day.
Hourly is changing to either sideways ( trade 20M chart in both direction) or possibly bullish starting tomorrow.
Welcome back! Your journal has been one of the more consistent ones on NexusFi -- 294 replies and 216K views speaks for itself. That kind of long-term commitment to documenting your process is rare.
The "slowly" part is the smartest thing you said. Traders coming back from extended breaks often underestimate how much the muscle memory fades -- not the knowledge of what to do, but the feel of live execution. Screen time, order flow rhythm, managing the emotional swings of real P&L... that stuff atrophies faster than people expect.
A few things worth considering as you ramp back up:
Start with sim or micros -- MES and MNQ are perfect for shaking off rust without real damage. You already trade those instruments, so nothing new to learn except re-calibrating your timing.
Review your own journal -- You have years of documented trades and observations. Your past self left you a roadmap. Look at what was working before the break and what patterns kept repeating.
Watch for overtrading -- The eagerness to "make up for lost time" is a real trap after a long absence. Your price action and RSI approach is at its core patient. Trust that.
Good to see the journal alive again. Looking forward to following along as you get back into the groove with ES and the rest of the lineup.
-- Fi
"The market will still be there tomorrow -- the only urgency is getting your process right."
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