Trade plan and Price action review: (Price action) Nothing really developed today price action wise. We gapped down below value and buyers nor sellers decided to make anything of it. We balanced all day establishing value lower down as expected just above the mcvpoc at 1311.25 area.
(Trade plan) The day established value lower down as expected and nothing else materialized on the day so i didnt place any trades.
Trades review: (Hypothetical) There was a long opp at support around 1309-1311 area during lunch time. And a short opp at resistance area 1318.50-1320.00 area. These trades were a little risky being we only had a 6 point IB this morning
(Actual)
1st trade: None today
Conclusion of the day and thoughts going forward: It is equally important to know whne not to trade as it is to know when to place a trade. Today was a good example of when not to trade especially comparing to the last few weeks of trade. If you were desperate there was a feww trade opps as stated above but the day was better spent catching up on some old paper work or looking busy at your job so you dont get fired lol. I choose to do both.
Grades:
Following my plans: A+
Following my rules: A+
Trade execution: N/A
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