SL: 3 ticks,TP: 6 ticks & 9 ticks, RR: -1.3 R, Volume stop slipped 1 tick (set 300)
Reason: 24k contracts absorbed at 111'040 at VAL, Also at previous wick level at 111'030.
Context: Went against trend, RTH vwap below ETH vwap -1std band, pretty strong down trend. Developing value also trending down as well as developing POC
Entry:after 1 atr push out of zone entered 1 tick above absorption
Exit: Price rejected ETH vwap at +5 ticks, pretty hard and hit stop loss, first tp and break even was set for 6 ticks profit which didnt get triggered
Emo: Didnt want to take the setup, had to force myself. Did so just to satisfy my first draft of rules and to gather 30 trades
Did Well: Entered on half size due to how bad setup was.
Needs Improvement: Volume stop at 300 is too low, second time iv been slipped a tick, Pay more attention at critical levels, vwap was also a impulse level. wasnt paying attention to trade at the time when it hit.
Would I take again:If this were my own money No due to fading major trend. Since this is prop account where Im just gathering data then yes, the setup matched all rules.
#inbalance #normal #strongtrend #slowmethodical #avgvol #highretest #longgamma #goodentry #inflectionzone #tradedthrough #hitstop #wrongontrade #locstep
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Fill Time | Type | Qty | Price |
---|
SL: 3 ticks,TP: 6 ticks & 9 ticks, RR: -1.3 R, Volume stop slipped 1 tick (set 300)
Reason: 24k contracts absorbed at 111'040 at VAL, Also at previous wick level at 111'030.
Context: Went against trend, RTH vwap below ETH vwap -1std band, pretty strong down trend. Developing value also trending down as well as developing POC
Entry:after 1 atr push out of zone entered 1 tick above absorption
Exit: Price rejected ETH vwap at +5 ticks, pretty hard and hit stop loss, first tp and break even was set for 6 ticks profit which didnt get triggered
Emo: Didnt want to take the setup, had to force myself. Did so just to satisfy my first draft of rules and to gather 30 trades
Did Well: Entered on half size due to how bad setup was.
Needs Improvement: Volume stop at 300 is too low, second time iv been slipped a tick, Pay more attention at critical levels, vwap was also a impulse level. wasnt paying attention to trade at the time when it hit.
Would I take again:If this were my own money No due to fading major trend. Since this is prop account where Im just gathering data then yes, the setup matched all rules.
#inbalance #normal #strongtrend #slowmethodical #avgvol #highretest #longgamma #goodentry #inflectionzone #tradedthrough #hitstop #wrongontrade #locstep