Today reassured a couple of things for me.
I have to be more patient.
I know what I am supposed to be waiting for.
No trades placed in Asia or London, but my anxiousness to re-enter the market led to some impulsive decisions NY Session prior to Equity Open. All trades today were placed on my TFT 100k Royal Phase 1 Account. I won't share the charts for all of them, but you can see the positions below.
GJ Short - Too Early 0.5% SL Hit
2 More GJ Shorts - Still Too Early but Better Entry 0.6% combined
UCAD Long Too Early - Profit Taken 0.3%
GOLD Short - Position went 0.6% into Profit before SL Hit B/E
NAS100 Short (Small Pilot Position) - 0.25% Loss
US30 Short (Small Pilot Position) - 0.16% loss
Fortunately, I was able to maintain composure and exited this fiasco breakeven before NY Equity Open with enough time to take a break. Keeping my emotions in check early, afforded me the opportunity to recover later in the day, bringing the account back above breakeven from - 4.5%.
NAS100
After yesterdays 1st Red Day Signal, the plan was to wait for price to retrace into a desirable level and then Short back into the low.
I took the intiial short on NAS rather than US30 because the ADR is tighter and it reached the level sooner.
1st entry from 38 Fib level hit Full SL after a few minutes
Took another break and did not enter until after US30 reached 61 fiib level and rejected since NAS was already well beyond 71 Fib level.
Entered Short after price retested topside of 71 Fib Retrace targeting LWH (Last Weeks High/ Red Line)
Peeled off a portions to secure profit as price moved towards target
US30
After yesterdays 1st Red Day Signal, the plan was to wait for price to retrace into a desirable level and then Short back into the low.
Entered Short after 61 retrace rejection and Peak Formation High formed outside LWH (Last Weeks High) targeting Yesterdays Low.
Peeled off a portions to secure profit as price moved towards target
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