Nov '23 • Homework
Module 4: Homework
Hello everyone! Hope you all are doing good, and trading is going great.
I'm sharing the results of my module 4 homework, which was on HTF Bias & Key Levels.
I charted ADA, HTF was H4, and LTF/execution tf was H1.
Stats: 14.7R (3 wins 4 losses)
- pic 1: HTF Bias & Key Levels (5 key levels)
- pic 2: Trade 1: -R
comments: I was wrong on the first trade but according to what i've learned so far, I marked immediate key levels in both directions & since we were bearish, planned a short from FVG + OTE targeting my immediate SSL.
- pic 3: Trades 2-7: 14R
comments: planned trades on both FVG & OB, did not bother extending trades up till TP to keep chart clean.
- pic 4: Range Trading (did not count this in stats)
comments: In the extra examples when AOC was doing this module on a forex pair, he said "once a key level has been taken out, market tends to trade in a range" so I tried it out and have shared those results. the only -R in this was when I tried to long from OB, rest were all sweep and reclaim of liquidity levels marked by blue lines. DEFINITELY INCORPORATING THIS INTO MY LIVE TRADING FROM TODAY ONWARDS
- pic 5: Journal
comments: I simply wrote FVG / OB on setup as I was bullish once my key level was taken out with displacement and I got stopped on my first trade. In a buy program (all SSL sweeps send the market higher, so it makes sense to buy FVG's & OB's)
Lastly, some self-assessment:
Q: How do you think you did in terms of accurately determining the HTF bias?
A: Not sure what I could have done differently considering we were bearish where I started my backtest and I think FVG + OTE is a reliable setup.
Q: Is there anything you think you could’ve improved in terms of HTF bias?
A: Definitely, maybe if I waited for either key level to be hit before taking that first trade I could have avoided that initial -R
Q: How do you think you did in terms of trading execution in the direction of HTF bias?
&
Q: Is there anything you think you could’ve improved in terms of executing?
A: Could have done better because (a) I was selective when choosing OB & (b) I was not sure which FVG to use after big moves and I think that's where I should have waited
Q: What was (in your opinion) the most common recurring mistake you were making?
A: I am sure it's that I did not sit on the sidelines and watch PA enough.
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Module 4: Homework
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