Coming in to the day with a long bias, wedge bottom and one leg up on the hourly, expecting it to test the Nov 11th high with a MM of the first leg to 82.19.
Open is a small gap up, bears in charge through the first 3 bars.
Trade 1:
Trend line channel overshoot, short for the other side of the channel. Was hesitant at first because I have been burned a few times with a quick reversal after 1R of bar 1 is reached. Finally grew some nuts after the low of bar 3 was breached (need to work on this). Bar 7 scared the shit out of me but I didn't panic close, however did close a few ticks before the other side of the channel.
+41 ticks
Trade 2:
Other side of the channel hit, and L1=L2 target reached for the bears, long bar 9 for 1R, tried to BTC but didn't get filled, chased it and got in at 80.50. Price wobbled around a bit and I closed it out, target was hit on bar 12. The reality is that I just had a decent winner and I was protecting my profits, this is ignorant. First, stop chasing, just let it go if you can't get in, second trade the setup as it should be traded or don't take it.
+5 ticks
Trade 3:
Wedge bottom and MM of 1-4 hit, long for 2R, again tried to BTC of 19, got impatient and chased, only 3 ticks but they add up to a shit ton over time. Also again price wiggled and the bad angel on my shoulder got the better of me, target was hit on bar 24.
+5 ticks
Price went on a tear as I sat and watched. Didn't see anything that is specifically in my plan but it was clearly always in long. Should have shorted bar 34 for 2R, wedge top and failed BO of HOD, I consider this a mistake that cost me 21 ticks.
Trades 4 & 5 were not in the plan, I had given myself a stern talking to about being such a wimp and exiting early, so apparently to my monkey brain that means just start slinging. That's why I am here, I want those trades in my face the next day until they disappear.
+0 ticks
- 21 ticks
Also the stop out above the price action was a dumb trade overnight, was biased long and did a set and go to sleep trade, it was up 40 ticks then took me out for -20 ticks, no more of this either.
Theme for the day, don't close trades early unless you realize you made a mistake entering in the first place.