SL: 27 tick = $270, RR = 0.85
Reason: Algo Guy Bearish, Big Si Absorption Event 563 contracts is alot for NG, Threshold is 150. Good liquidity level below.
Context: Price opened below a composite value area. Price gaped down and was out of balance. Was looking for a push down to the next CVA.
Entry: As per rules, limit order right below zone. Price traded through zone abit and was very convinced I was about to be stopped out at one point.
Exit: Hit TP which was right above liquidity level. Price traded through first level where my tp and hit the next lighter liquidity level below.
Mistakes: Didn't position size properly, risked 270 instead of 450 as per plan. I didnt think the micro contract was liquid enough so traded the mini contract. Proper position size was 1.7 minis or 17 micros. I only put on 1 mini. I looked after and the micro contract looks fine and I will trade that from now on with NG. The trade was at and into an inflection level, which makes it not A+
Emotions Before: I really wanted a trade today, bonds in the am were slow and I took nothing yesterday either. Thankful I got a set up that early in the am, before I had to leave to work.
Emotions During: Really really thought I was going to get stopped out, came back on me about halfway to my stop. Was questioning my entry as it was into a Inflection level, im guessing thats why we got the bounce half way to my stop.
Emptions After: Glad I got a win, annoyed it was on almost half size.
Did Well: Good setup and execution minus the inflection level of the previous swing low. but day was out of balance and a gap down which aligns with the system.
Needs Improvement: Position sizing and Location in relation to levels, but maybe it was a good thing I only took it on half size due to this.
Would I Take again: Maybe, if it was a busy day and there were other setups I probably would have passed on this for a better one, but overall not bad. probably A- setup.
#outbalance #normal #weaktrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #notupset #ineedtotradenow #imgood #highvol #lowretest #quicktest #3atr
Click on the microphone icon and begin speaking.
Speak now.
No speech was detected. You may need to adjust your microphone settings.
Click the "Allow" button above to enable your microphone.
Permission to use microphone was denied.
Permission to use microphone is blocked. To change, go to chrome://settings/contentExceptions#media-stream
Web Speech API is not supported by this browser. Upgrade to Chrome version 25 or later.
Fill Time | Type | Qty | Price |
---|
SL: 27 tick = $270, RR = 0.85
Reason: Algo Guy Bearish, Big Si Absorption Event 563 contracts is alot for NG, Threshold is 150. Good liquidity level below.
Context: Price opened below a composite value area. Price gaped down and was out of balance. Was looking for a push down to the next CVA.
Entry: As per rules, limit order right below zone. Price traded through zone abit and was very convinced I was about to be stopped out at one point.
Exit: Hit TP which was right above liquidity level. Price traded through first level where my tp and hit the next lighter liquidity level below.
Mistakes: Didn't position size properly, risked 270 instead of 450 as per plan. I didnt think the micro contract was liquid enough so traded the mini contract. Proper position size was 1.7 minis or 17 micros. I only put on 1 mini. I looked after and the micro contract looks fine and I will trade that from now on with NG. The trade was at and into an inflection level, which makes it not A+
Emotions Before: I really wanted a trade today, bonds in the am were slow and I took nothing yesterday either. Thankful I got a set up that early in the am, before I had to leave to work.
Emotions During: Really really thought I was going to get stopped out, came back on me about halfway to my stop. Was questioning my entry as it was into a Inflection level, im guessing thats why we got the bounce half way to my stop.
Emptions After: Glad I got a win, annoyed it was on almost half size.
Did Well: Good setup and execution minus the inflection level of the previous swing low. but day was out of balance and a gap down which aligns with the system.
Needs Improvement: Position sizing and Location in relation to levels, but maybe it was a good thing I only took it on half size due to this.
Would I Take again: Maybe, if it was a busy day and there were other setups I probably would have passed on this for a better one, but overall not bad. probably A- setup.
#outbalance #normal #weaktrend #slowmethodical #goodentry #tradedthrough #goodexit #hittargetexit #notupset #ineedtotradenow #imgood #highvol #lowretest #quicktest #3atr