SL: $450, RR: 1.53, Realized RR: 1.28
Reason: Algo Guy Bearish, SI Stop Event Confirmed Bearish, Liquidity below.
Context: Price Just broke a Inflection level on 200% relative volume, it also just broke out of a composite value area low. Was looking for retest of level and composite low and a run lower. Had a liquidty level below, as well as a gap to close from a few days ago. Gap got closed and failed to go lower, thats where I took the trade off. Price was out of balance, fully below yesterdays profile at the time of the setup.
Entry: Limit order as per rules
Exit: Manually exited when price came within 2 ticks of my TP then failed to get any lower. Was the correct call as we got a strong reversal after.
Mistakes: Didnt get in sooner, Gold made several SI events before this one, Picked a target abit too far
Emotions Before: Abit hesitant to put on a trade, was looking for clean setup, even this had the issue of entering close to an infection level. The 200% relative volume through it does cancel the level out tho.
Emotions During: Relived the trade was working. Not liking getting more stop events, they can always reverse easily from them.
Emotions After: Was very very hesitant to put on another trade after this. Wanted to end the day a winner.
Did Well: Followed the rules, Made the executive decision to get out of the trade after the next SI event.
Needs Improvement: Obviously my TP was a bit too far out, the gap close high was the obvious level to hit.
Would I Take Again: Yes, solid setup with good momentum
#outbalance #normal #strongtrend #gameon #avgvol #avgretest #shortgamma #gexheld #goodentry #algoguy #context #priceheld #lateexit #newzone #mistake #fartarget #3atr #notupset #nodesiretotrade #imgood
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Fill Time | Type | Qty | Price |
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SL: $450, RR: 1.53, Realized RR: 1.28
Reason: Algo Guy Bearish, SI Stop Event Confirmed Bearish, Liquidity below.
Context: Price Just broke a Inflection level on 200% relative volume, it also just broke out of a composite value area low. Was looking for retest of level and composite low and a run lower. Had a liquidty level below, as well as a gap to close from a few days ago. Gap got closed and failed to go lower, thats where I took the trade off. Price was out of balance, fully below yesterdays profile at the time of the setup.
Entry: Limit order as per rules
Exit: Manually exited when price came within 2 ticks of my TP then failed to get any lower. Was the correct call as we got a strong reversal after.
Mistakes: Didnt get in sooner, Gold made several SI events before this one, Picked a target abit too far
Emotions Before: Abit hesitant to put on a trade, was looking for clean setup, even this had the issue of entering close to an infection level. The 200% relative volume through it does cancel the level out tho.
Emotions During: Relived the trade was working. Not liking getting more stop events, they can always reverse easily from them.
Emotions After: Was very very hesitant to put on another trade after this. Wanted to end the day a winner.
Did Well: Followed the rules, Made the executive decision to get out of the trade after the next SI event.
Needs Improvement: Obviously my TP was a bit too far out, the gap close high was the obvious level to hit.
Would I Take Again: Yes, solid setup with good momentum
#outbalance #normal #strongtrend #gameon #avgvol #avgretest #shortgamma #gexheld #goodentry #algoguy #context #priceheld #lateexit #newzone #mistake #fartarget #3atr #notupset #nodesiretotrade #imgood