Sep '23 in Homework
Module 6 Market Structure
Finally finished this. Took longer than I’d hoped but better late than never. I see how important key levels and HTF bias have to be put together for the trading process to have more cohesion. At times it feels likes you’re blind when you’re sure of a trade and the price goes the other direction, I would have my bias correct but executing was an issue without having a proper htf context. https://docs.google.com/spreadsheets/u/0/d/1a4FpgVgEjDEqzXrjXcjJScxp_vFZDW-GgG_VJi3v9O0/htmlview#gid=103646586
1) I noticed a difference in my performance compared to the previous exercise. There were times I didn’t follow the market structure and I felt lost. When I followed the market structure I was more confident executing on the LTF.
2) I have to put in more reps of course but I feel more confident I could be profitable with everything the modules have taught me so far.
3) I was a bit discouraged before I finished this exercise but I feel with more reps in it’ll fall into place.
4) I had 8 winners, 4 that didn’t get filled. and 8 losers.
5) I had 15.6R profit at the end of this exercise. 20 trades.
6) The most common mistake I made was going against the trend and not following the HTF bias.
I was using the 15 minute for HTF context and the 1 minute to execute. I want to see how currency pairs do on the lower TF apparently the price action is cleaner, at times the price action was choppy and I could’ve waited for clearer confirmation and followed the bias. Perhaps If I had gone back on the 1 hour, the bias would’ve been clearer.
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Module 6 Market Structure
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