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Trading Journal 04/19/2025: Weekly Breakdown (03/31/25 - 04/04/25)

The trading day that resulted in a -1R could have easily flipped to a +6R session had my strategy been executed without errors. The initial trigger for TC North provided a solid entry point, with the setup showing potential gains of +2R before experiencing a reversal.

Despite my fundamental bias indicating continued bullish momentum, my decision-making faltered after the trade dropped to -4R at approximately 1.7992, resulting in a missed opportunity. I let this -4R move shift my bias erroneously to a bearish perspective after 20:41, when I should have maintained my original bullish stance. This shift led me to seek short positions in a market that was still exhibiting upward momentum.

The reversal trade (RT) I pursued at 20:55 was a miscalculation. Instead of capitalizing on the ongoing bullish trend, I positioned myself against the prevailing market direction. Had I opted to seek a long entry instead, I would have easily identified a BRB buy trigger at 20:57. This entry could have propelled me toward a rapid +2R target around 1.0820.

Following the initial target, the price pulled back, setting up a TC Northbound breakout at the upper end of the price wave, presenting another opportunity for a +2R win. Considering the length of the previous wave, I could have extended my target to 1.08244 around 21:26 for an additional +10 pips, translating into +5R.

In hindsight, the final trade executed at 21:50 would have either resulted in a full -4R loss or, if market conditions allowed, just narrowly avoiding the hard stop to become another long position leading to my original +2R target by 21:57. The trade execution timing and alignment with fundamental bias were crucial in determining the day's outcome, highlighting the need for discipline and adherence to established strategies.

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