Last week was my first losing week in over 6. I finished -5.5 pts which isn’t bad. But my mistakes are what caused me to finish negative. This weekend I updated my plan and simplified things quite a bit. So this week will be very interesting to see how I do.
One of the thing I changed was to consolidate all my levels onto my execution chart. Usually I take levels from weekly, daily, composite, market profile, etc. It’s nice to have them all on one place. I really liked it. It takes some extra work but I think it’ll be worth it. Plus I’ll have a historical record of my levels because I’m using my Zones indicator to show them. This indicator lets me type in my levels into a text file and have them on all my Ninjatrader charts.
Here is how my zones worked out today. I had 2 trades. First was a risky fade at Thursday’s low. I thought Globex would be balanced but it kept creeping lower. I took 1 pt loss on that one. The second trade was after the open, I got short on a pullback but I had to scratch it before the news came out and ended -1.5 pts for the day. Another losing day! But at least today I felt like I traded my plan well and didn’t have any mistakes. There were some good trades they just occurred when I was away from the PC.