One of the key tasks I perform as part of my daily routine is, at the end of every day, I review the charts of the markets I traded and I mark them up with all of the trading opportunities that I see. I am by no means claiming that I take all of the trade opportunities that I mark up on the charts, I want to make that very clear.
So today I traded only two markets, Crude Oil and the S&P 500 futures markets. Like me, both of these markets seemed sluggish and barely awake starting out. Eventually both the markets and I found a good rhythm resulting in a net profitable day.
I trade a mostly pure price action setup, adding in a 21 period EMA, Volume Accumulation/Distribution analysis, Expected Volume, and key levels by way of deviation levels, and ICE Volume Profile all of which are available from Apex Investing Institute . I also plot intraday support and resistance levels and trend channels along with longer term support and resistance levels from a higher time frame chart.
On each of the charts below, I marked each short trading opportunity with a red arrow and I marked each long trading opportunity with a green arrow.
Each of the above charts has an embedded link that will open a larger image.
How Does This Help Me
As part of my process of keeping a trading journal, at the end of each trading day, I mark up the chart as you see above. I also will annotate the chart prior to filing it in my journal folder. This allows me to not only review the trades that I did take, but also allows me to identify the trades that I may have missed in the moment. I can then review the patterns and train myself what to look for when that pattern presents itself again.
In my goal to continually improve my skill as a trader, I find that the more effort I put into preparation going into each trading day and the effort put into review closing out each trading day has greatly contributed to my growing success as a trader. Repetition is the mother of all skill.
I will be putting together a video in which I review each entry point, my intention was to have that ready for this post, but unfortunately I ran out of time. I will add it and update this post in the coming days, so please feel free to check back.
If there are any questions on the above charts, please use the comment section below and I will make sure to answer each one.