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Welcome to the Weekly analysis of my Trading Journal.
First I want to summarize all mistakes, I noted in and outside my TJ
during this half week of journaling.
1. too less use of the DOM & T&S
2. sometimes a bit Greedy
3. taking not enough time for preparation
4. should define clear levels to act in preparation
5. Buying retracements in overextended markets at not clear Support or Resistance
6. trading vs. strong momentum without use of DOM or T&S
7. trading before News or against News
8. trading when there is no full time frame confluence
9. trading PinBars at not optimal location
10. trading BreakOut into clear Support or Resistance
11. to less use of the Volume Profile in the DOM
Possible mistakes not enought data to make a clear statement
1. catching tops and bottoms to often
2. trying to catch big moves to often
Second I want to evaluate all trades that where stricly after my strategy.
Trades not stricly after the strategy don't appear in this evaluation.
Since I look for strong Risk/Reward at strike rate of 50% should be enough
to be profitable.
PinBar Strategy: 4 Wins / 2 Losses / 5 +1 Tick = should have been Profitable
Sup & Res Strategy : 2 Wins / 2 Losses / 3 +1 Tick = should have been Profitable
BreakOut Strategy : 8 Wins / 4 Losses / 2 +1 Tick = should have been Profitable
As I work on this Weekly analysis I come to the conclusion, that a more detailed analysis of the trades is needed,
as well as a more strict set of rules for my strategies, which I will define in the next posts.
