Trading the Bund – Weekly Review 16-20th Nov

What one thing did I do best this week and how did I do it?

Not much that great about this week. My hypos and homework still remain good and implemented prioritising the hypos better this week.

What one thing did I do badly this week and what led me to do it?

Focus and patience was a failure on three days of the five. Had problem with my internet connection, which in turn lead me to breaking my pre morning routine and making it hard to focus on trading as I was multi-tasking.

The result was poor analysis of the day trends, jumping into trades without proper focus on the trigger and DOM, and poor management whilst in the trades.

What specifically will I do next week to continue doing what I did best?

Continue with doing the homework every evening, ensuring that I prioritise hypos and write up the factors behind the major levels.

What specifically will I do next week to improve what I did worst?

If I have problems pre market then rather than rush to trade, I must complete my pre market routine.

Secondary, if I have distractions that take my focus off the market then I must do a 20min focus session to get back into the zone.

How well did I achieve my “continue my best” goal last week and what do I need to do this week to continue/improve upon that progress?

My goal was to continue using the 15min as my main context, which was not a success but to lack of focus, which I have detailed above. When I was focused this worked well. So to continue this I need to develop a best practice for when these situations occur.

How well did I achieve my “improve my worst” goal last week and what do I need to do this week to continue/improve upon that progress?

My goal here was to work on the no fill problem. I did not have a major problem this week with no fills, but I have noticed before, that getting a fill on a shit trade is pretty easy, getting a fill on a good area that is a potential turning point is another thing.

Bookmap is helping, but it still a learning curve with the settings, have the time slice too wide and it ends up providing the same information as the trigger chart, too narrow then it provides not enough information.

And I have discovered that the size of volume in the circles should be adjusted dependant on the time slice. Thanks to James at TradeRunner for taking me though the theory behind this, in the Stage 5 chat room.

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