Reason: Algo Guy Bullish. SI Stop Event Confirmed Bullish. Light bands of liquidity around 3370
Context: Price popped above a composite VAH from the ETH profiles. Looked to be heading higher. There were some single prints on last nights profile as well as a large step and some large wicks I was targeting on the upside all around that liquidity level at 3370.
Entry: As per rules, price went against me pretty far and came pretty close to my stop loss. Correct position size was 2 micros. I realized I had only entered 1 on the limit order at zone. I added anther at the bottom of the zone when I realized I only had half size on.
Exit: Took 1 contract off at the single prints and held the other for the liquidity band. Price stopped 1 tick from my second TP and started to pull back so I flattened the whole trade and closed it. price did retrace a little before smashing my second TP. I wanted out of this trade fairly badly as soon as it started to work. Took all my will power to keep it on as long as I did.
Mistakes: Entered only half size by accident. Closed the trade manually, and split my two orders up even tho target was within 3 std devs. Didnt follow my new rules regarding scaling.
Did Well: Trailed my stop 3 std devs away from price as per new rules.
Needs Improvement: Be more strict with targets. Double check entry size. It worked out well on this trade but on a trade that never goes against me i would be giving up profit.
Would I Take Again: Yes, good setup
#outbalance #doubledist #strongtrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #highvol #lowretest #notupset #slighturgetotrade #getmeout
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Fill Time | Type | Qty | Price |
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Reason: Algo Guy Bullish. SI Stop Event Confirmed Bullish. Light bands of liquidity around 3370
Context: Price popped above a composite VAH from the ETH profiles. Looked to be heading higher. There were some single prints on last nights profile as well as a large step and some large wicks I was targeting on the upside all around that liquidity level at 3370.
Entry: As per rules, price went against me pretty far and came pretty close to my stop loss. Correct position size was 2 micros. I realized I had only entered 1 on the limit order at zone. I added anther at the bottom of the zone when I realized I only had half size on.
Exit: Took 1 contract off at the single prints and held the other for the liquidity band. Price stopped 1 tick from my second TP and started to pull back so I flattened the whole trade and closed it. price did retrace a little before smashing my second TP. I wanted out of this trade fairly badly as soon as it started to work. Took all my will power to keep it on as long as I did.
Mistakes: Entered only half size by accident. Closed the trade manually, and split my two orders up even tho target was within 3 std devs. Didnt follow my new rules regarding scaling.
Did Well: Trailed my stop 3 std devs away from price as per new rules.
Needs Improvement: Be more strict with targets. Double check entry size. It worked out well on this trade but on a trade that never goes against me i would be giving up profit.
Would I Take Again: Yes, good setup
#outbalance #doubledist #strongtrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #highvol #lowretest #notupset #slighturgetotrade #getmeout