PORI FINLAND
Posts: 11 since Jun 2020
Thanks Given: 1
Thanks Received: 4
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21/11/2022 16.16 Saudis apparently wanted to boost oil production
21/11/2022 16:42 Long DGZ -8 ticks
News rotation trade. Over the weekend I figured out that WH SelfInvest is an viable alternative to Amp Global. Also apparently it should work with sierra charts. I just can't figure out why I missed that broker, I spent the last 2 years fighting with Amps MT5. So I opened an account at WH and So I needed to train on sierra chart sim and got a great IB low trade going on. I used to have a rule that if I trade sim, do not trade that day. I start feeling the missed sim trades in my gut.
-Way too large stop. I did not move it at all but thought that this was sure to rebound...
-Did not wait for a pattern to emerge
-way too slow initial movement for a news trade
-Traded sim beforehand
21/11/2022 17:13 Short DGZ +9 ticks
While I was in the previous trade, I figured out that this situation was "went too far". I went short at a pretty bad price. I could have waited for bunds 140.60 to come in to play by watching orderflow better. Held it until the saudi denial came in but had to cut it off as the whole trade after the denial was really slow and I figured that if the denial came and no massive liquidation happened so the move must be over. Obviously the US holiday week must have its effect on the market. I set the stop at above us session IB midpoint. I tried on sierra chart sim to "add to my winner" by going short bund at a orderflow moment.
+Saw the "WTF"event correctly
-Could have reversed the previous trade at way better prices when I realized what was going on
-/+Current market conditions (US holidays, Note auctions) might make the "WTF" trade last until the next day
-Did not watch orderflow, could have waited for better prices
Overall day could have been way better if I just watched orderflow better, kept my head straight and had the option to add to winners.
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