SL: 27 tick = $459, RR = 1.47
Reason: Algo Guy Bearish, Stop Run SI Event Confirmed Bearish. Large Liquidity Below
Context: Price Just fell into a composite value area. Overnight inventory was very long. Was ultimately looking for move to other side of composite value, but target was LVN where the large liquidity pool was at.
Entry: As per strategy. Limit order right below event. Tagged SI area and didnt go through
Exit: Price on first hit of my TP only filled half my orders, I flattened the rest when I saw it pull back. Lost a couple ticks on half the contracts. I choose my exact TP as it was 3 ATR away from entry and I wouldnt have to split orders and take partials per my rules.
Mistakes: Didnt fully allow my TP to be filled. Very small mistake but one none the less. I also could have taken partial TP and let a small portion ride as I did have another TP at the composite VAL. But decided to just take everything off at once.
Emotions Before: Wanted to get a trade on, having just been stopped out of NQ, a bit worried about my new larger position sizing. Algo guy was bearish but had just turned. Wasn't in a established down trend at the time.
Emotions During: Pretty calm actually. Was letting it work, Didnt start really paying attention to it until it was close to TP
Emotions After: Happy, I had a nice winner. A little annoyed I only got a partial fill and lost a few ticks on the fill of the rest.
Needs Improvement: Scale TPs would have worked out really nice on this one
Would I Take Again: Yes, Good Setup would rate it A due to algo guy just turning.
#outbalance #trend #weaktrend #slowmethodical #goodentry #priceheld #goodexit #hittargetexit #highvol #avgretest #notupset #slighturgetotrade #imgood #3atr
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Fill Time | Type | Qty | Price |
---|
SL: 27 tick = $459, RR = 1.47
Reason: Algo Guy Bearish, Stop Run SI Event Confirmed Bearish. Large Liquidity Below
Context: Price Just fell into a composite value area. Overnight inventory was very long. Was ultimately looking for move to other side of composite value, but target was LVN where the large liquidity pool was at.
Entry: As per strategy. Limit order right below event. Tagged SI area and didnt go through
Exit: Price on first hit of my TP only filled half my orders, I flattened the rest when I saw it pull back. Lost a couple ticks on half the contracts. I choose my exact TP as it was 3 ATR away from entry and I wouldnt have to split orders and take partials per my rules.
Mistakes: Didnt fully allow my TP to be filled. Very small mistake but one none the less. I also could have taken partial TP and let a small portion ride as I did have another TP at the composite VAL. But decided to just take everything off at once.
Emotions Before: Wanted to get a trade on, having just been stopped out of NQ, a bit worried about my new larger position sizing. Algo guy was bearish but had just turned. Wasn't in a established down trend at the time.
Emotions During: Pretty calm actually. Was letting it work, Didnt start really paying attention to it until it was close to TP
Emotions After: Happy, I had a nice winner. A little annoyed I only got a partial fill and lost a few ticks on the fill of the rest.
Needs Improvement: Scale TPs would have worked out really nice on this one
Would I Take Again: Yes, Good Setup would rate it A due to algo guy just turning.
#outbalance #trend #weaktrend #slowmethodical #goodentry #priceheld #goodexit #hittargetexit #highvol #avgretest #notupset #slighturgetotrade #imgood #3atr