- This event has passed.
-$18.53
March 6
XAU/USD
dxy
htf draw is lower but weekly can see some retracements after daily FVG and 4H/20-30% retrace alignment
11:48
add position. pattern still upholds but location is not the best anymore, with the deeper retrace into 2-2.5
12:04 – WTI
Have a gut feeling it will purge PDL, but still 2-2.5 is a good reversal point with good pattern.
WTI exit
have no exit targets, only that it reached 1H FVG
12:39 – partial exits on XAU/USD
There are better things to risk my money on. This isn’t it. But, I cannot just exit a position because it doesn’t look nice anymore. I’ve learned that even if it doesn’t look like it’s going in my favor, there is still a chance for it to come back. Initial gut feelings / trades isn’t something I should just throw away and exit easily because there is still merit behind those trade ideas.
12:53 – XAU/USD Trail
Trail. here would make no sense to go back up.
Good
- Good decision-making: BE nearing close was good.
- Overall, decent trade decisions.
Neutral
- Not keeping up with all the instruments. I missed a few key trade opportunities.
- Position sizing. WTI and Gold sizing is disproportionate. Therefore, I lost a bit today.
Bad
- Premature closure. Closed all of my positions just to re-open positions again. Especially when there are commissions, be more careful about opening too many positions.
- A bit too jumpy and wanting to be in positions all the time.
- Not ready for trading / opening larger risk then anticipated / stupid accidents that can be avoided.
- BE nearing close, but I should’ve waited longer / been more patient. I was afraid of losing.