SL: $400 RR: 1:1
Reason: SI Iceberg confirmed bearish, Algo Guy Bearish. Liquidity Below
Context: Price had probed above composite value and fell down the entire area. it broke past the cva low. Price also broke a previous infelction zone. 215 was a zero gamma area with short gamma below.
Entry: The retest of the zone was very quick. I didnt have time to set a limit, so just marketed in, I got in 1 tick below what would be the correct entry
Exit: Exited above first area of liquidity. This was too soon, as we entered into a short gamma area under 215 and price started to rip to the down side. A new SI event occurred around 215.75 and I was able to trail my stop down. This occured around the 2 atr mark as well so also had my 3atr rule to trail at that point as well.
Mistakes: TP too soon. there was a liquidity zone at 213 which would have been 3.9 R away. I did not think we would make that but with the short gamma area we ripped there pretty quick.
Emotions Before: Hesitant to put this one on. Was supposed to put 2.5 contracts on. If i would have got filled at a higher limit order, closer to my SL and could have put 3 on if i had it all set up. but my last trade in LE was a loser so I didnt trust this market.
Emotions During: Pretty happy it was working, but wanted out of the trade bad.
Emotions After: Relief I was out but regret watching price rip farther past
Did Well: Followed Execution rules and market context
Needs Improvement: Position Size and Trust Gamma
Would I Take Again: Yes the entry was really good.
#outbalance #trend #strongtrend #gameon #highvol #avgretest #shortgamma #lateentry #algoguy #context #inflectionzone #priceheld #earlyexit #hittargetexit #sizeerror #3atr #notupset #nodesiretotrade #getmeout
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Fill Time | Type | Qty | Price |
---|
SL: $400 RR: 1:1
Reason: SI Iceberg confirmed bearish, Algo Guy Bearish. Liquidity Below
Context: Price had probed above composite value and fell down the entire area. it broke past the cva low. Price also broke a previous infelction zone. 215 was a zero gamma area with short gamma below.
Entry: The retest of the zone was very quick. I didnt have time to set a limit, so just marketed in, I got in 1 tick below what would be the correct entry
Exit: Exited above first area of liquidity. This was too soon, as we entered into a short gamma area under 215 and price started to rip to the down side. A new SI event occurred around 215.75 and I was able to trail my stop down. This occured around the 2 atr mark as well so also had my 3atr rule to trail at that point as well.
Mistakes: TP too soon. there was a liquidity zone at 213 which would have been 3.9 R away. I did not think we would make that but with the short gamma area we ripped there pretty quick.
Emotions Before: Hesitant to put this one on. Was supposed to put 2.5 contracts on. If i would have got filled at a higher limit order, closer to my SL and could have put 3 on if i had it all set up. but my last trade in LE was a loser so I didnt trust this market.
Emotions During: Pretty happy it was working, but wanted out of the trade bad.
Emotions After: Relief I was out but regret watching price rip farther past
Did Well: Followed Execution rules and market context
Needs Improvement: Position Size and Trust Gamma
Would I Take Again: Yes the entry was really good.
#outbalance #trend #strongtrend #gameon #highvol #avgretest #shortgamma #lateentry #algoguy #context #inflectionzone #priceheld #earlyexit #hittargetexit #sizeerror #3atr #notupset #nodesiretotrade #getmeout