Plan the Trade and Trade the Plan

My vision for the day was a down day and that worked at first after the Eurex opened. Then the major support on the DAX held and the market looked like it would bounce.

The trend changing is visible on the left side of the chart. EMAs were converging. Price broke through them both and I saw that we would rally. How far, I didn't know. The pullback to the EMAs did not hold so I couldn't find an entry there. I then got a higher low and a penetration of the EMAs again. This is where I should have gone long but missed it. I then looked for another entry point so created the Fav Fib lines. Price bounced down from them but I still didn't see an entry. Then there was the next pullback with the price rejecting the lows, CumVolDelta nice and strong. The Fib had held twice but would break on the 3rd try. it did. Price ran all the way to the next Fav Fib where I went short, having scaled a few times on the way up and reloaded as I went. The short was covered at the EMA and I was ready to start again.

The trade worked because I thought it out. My initial vision was short lived but the market clearly showed what was going on. Order flow was clear.  Plan the Trade and Trade the Plan.