Description

- What was the result of the trade?

Profit hit 2/2 targets. This was a 10 minute Trend continuation trade that was based off of a rejection of the daily 20ema(purple line on the chart). Jumped in without hesitation and put the plan to work. I realized there was pm support at the low of day so I made the decision to take 1/2 off at that level just in case we bounce like it did on the previous 2 attempts. I did not like the bottom wick on the previous low of day candles. After that the trade was on cruise control just letting it work itself down to the profit target witch it did and I closed out the trade according to plan.

Feelings

- What were your feelings during the trade?

Felt good and confident that I had a solid setup and trade plan in place. My main focus was to let the plan work. Once I hit the 1st target it was a big relief.

Evaluation

- What was good or bad about the trade?

Good setup and entry. Good execution of the plan. Good volume profile with the volume increasing on the sell off. Bad that I did not pay attention to the bottom wicks of the previous candles.

Analysis

- Does the trade make sense to you now that it is over?

Yes the trade makes sense because it was a good setup with the rejection of daily 20 ema. Only factor is the bottom wicks of the previous candle that might have kept me out of the trade if I noticed them ahead of time.

Conclusion

- What is your final judgement of the trade?

Good trade execution of the plan and good job taking the trade without any hesitation. Good job sticking to the trade plan and letting the trade work.

Action plan

- How are you going to avoid the same mistakes?

Make sure to pay closer attention to large wicks of previous candles. Reading the previous price action is important.

- How are you going to make sure you get the same results the next time if it was a good trade?

Patient execution. Execute the trade plan that is laid out whether its a green or red trade

Notes: