SL: 20 tick = $500, RR = 1.25
Reason: Algo Guy Just crossed bearish, SI Iceberge Confirmed Bearish. Big pool of liquidity below
Context: Pretty large wicks rejected Inflection Levels, Price just took out overnight high and fell below, was setting up for a good short. this was mean reversion not trend continuation which is unlike most setups I take.
Entry: Limit order under event as per strategy, SI event held and price barly traded into zone.
Exit: TP hit, took one tp off at top of last cluster before move up which was also the 3 std dev line, then another right above liquidity. both TPs hit.
Mistakes: Algo guy was pretty weak, Was as weak as the ES trade i just got stopped out on. Wasnt a great confirmation. Technically the Inflection zone rejection trades dont need algo guy but the es one was also a rejection and look what happened.
Emotions Before: Really wanted to put on another trade and get my loss back
Emotions During: Was pretty calm, trade never really went against me so wasnt sweating too bad.
Emotions After: Very happy, was a nice trade. pretty close to perfect TP.
Did Well: Scaled out per plan, entered per plan and read context well, was a good trade.
Needs Improvement: Psychology, I really wanted to put on a trade after a loss, That need to trade can make me take subpar setups. I did say to myself tho if this was a loser I was done for the day. This wasnt a typical setup, usually I trade momentum and need out of balance days, today was in balance, but this was a mean reversion setup, so worked out.
Would I Take Again: Yes, Was a mid tier setup tho, A- setup due to algo guy not trending down.
#inbalance #normal #weaktrend #slowmethodical #goodentry #priceheld #goodexit #hittargetexit #avgretest #avgvol #notupset #ineedtotradenow #imgood #3atr
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Fill Time | Type | Qty | Price |
---|
SL: 20 tick = $500, RR = 1.25
Reason: Algo Guy Just crossed bearish, SI Iceberge Confirmed Bearish. Big pool of liquidity below
Context: Pretty large wicks rejected Inflection Levels, Price just took out overnight high and fell below, was setting up for a good short. this was mean reversion not trend continuation which is unlike most setups I take.
Entry: Limit order under event as per strategy, SI event held and price barly traded into zone.
Exit: TP hit, took one tp off at top of last cluster before move up which was also the 3 std dev line, then another right above liquidity. both TPs hit.
Mistakes: Algo guy was pretty weak, Was as weak as the ES trade i just got stopped out on. Wasnt a great confirmation. Technically the Inflection zone rejection trades dont need algo guy but the es one was also a rejection and look what happened.
Emotions Before: Really wanted to put on another trade and get my loss back
Emotions During: Was pretty calm, trade never really went against me so wasnt sweating too bad.
Emotions After: Very happy, was a nice trade. pretty close to perfect TP.
Did Well: Scaled out per plan, entered per plan and read context well, was a good trade.
Needs Improvement: Psychology, I really wanted to put on a trade after a loss, That need to trade can make me take subpar setups. I did say to myself tho if this was a loser I was done for the day. This wasnt a typical setup, usually I trade momentum and need out of balance days, today was in balance, but this was a mean reversion setup, so worked out.
Would I Take Again: Yes, Was a mid tier setup tho, A- setup due to algo guy not trending down.
#inbalance #normal #weaktrend #slowmethodical #goodentry #priceheld #goodexit #hittargetexit #avgretest #avgvol #notupset #ineedtotradenow #imgood #3atr