In 2023, I bought an Order Flow charting subscription to complement my technical analysis.
Analysis paralysis hit me because I was searching for too many confluences.
Until I learned how to read
'Order Flow with Candlesticks '๐งต.
credits - @arjoio
Thought Process:
Is it a bad trade just because it ended at breakeven? Wrong mindset.
Or is it simply the nature of this instrument?
I'm not sure. Journaled it and moved on
07-08-2025
Took a short position on XBR/USOIL. Initially, I was aiming for a 1:2, but the price showed strong momentum to the downside. I decided to hold until it reached a contextual low. Eventually, the price reversed, and the trade closed at breakeven.
Sharp Turn Stop Loss Placement Tip ๐
You don't always need to cover the absolute low of your ST:
- If you have a long wick, you can cover the candle's body.
- If we swept some kind of liquidity, you can cover the sweep.
Happy birthday to one of the kindest humans I've ever had the pleasure of knowing, @arjo. I hope you have a fantastic year ahead and wish you the best of luck in all your endeavors and visions. I'm truly grateful to have you as a mentor and to be part of this incredible journey with you.
Becoming a better trader is simple. Follow a consistent process. Example:
- Prep 30 mins before market opens/ or when you start trading your session
- Write out your thought process for the day. Could be your levels, scenarios you believe will happen (itโs okay to be wrong thatโs the point)
- Have daily max loss amounts set, time periods youโre allowed to trade, max size in place. Basically have rules and follow them.
- execute
- compare execution to game plan and do a full end of day write up on it
- did you follow game plan? If not why? If you made adjustments then were they good adjustments? Any new information came to the market? Did you follow your risk settings? Did you execute will? Did you miss anything? How off was your game plan scenarios to what happened
Refine. Learn. Repeat.
You will automatically become a 10x better trading doing this โ> Every. Single. Session.
I have over 1000+ notes in @TradeZella of my sessions and I religiously do daily write ups/ recaps. Even 11+ years later.
Start even with a piece of paper. Just start.
MNQ Trade Review:
21-08-2024
Got chopped up in the consolidation.
I accepted the risk before entering, knowing it was an FOMC day and that price could chop before the news release.
Part of the game, moving on to the next.