Bullish Tone, and made a trade based on Pivots amd FVG in combo
Trade Analysis
(1) Trade Plan:
The idea was that the short term trend looked bullish, hence I marked up the key levels and checks to see if the price was at any of the pivot levels. Based on the idea when price crosses the Centre Top Pivot and is above a support . Further more it already visited a recent Bullish.. Hence the price may continue towards R1 above.
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(2) Indicators (4 of 5):
- Only Pivot and Support lines and FVG
(3) Confirmations (3 of 3):
- 30 min candle closing well above the TOP Centre Pivot line.
(4) Risk Management Plan:
- This was little high as it was set to below the end of the Bullish FVG at the bottom. On hindsight i should have waited on my entry for a revisit. However sometimes i don't wait as it does not revisit.
(5) Profit Target:
- R1
(6) Stop Loss:
- Bottom Of FVG
(7) Entry:
- First Candle after 30 min candle closed above TCP
(8) Profit Taking Plan:
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(9) Analyzation:
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(10) Psychology of the Trade:
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(11) Overall Rating:
(12) What was Good:
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(13) What was Bad:
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(14) Improvement Areas:
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(15) Rule Broken & Key Takeaways:
(1) Trade Plan:
The idea was that the short term trend looked bullish, hence I marked up the key levels and checks to see if the price was at any of the pivot levels. Based on the idea when price crosses the Centre Top Pivot and is above a support . Further more it already visited a recent Bullish.. Hence the price may continue towards R1 above.
-
(2) Indicators (4 of 5):
- Only Pivot and Support lines and FVG
(3) Confirmations (3 of 3):
- 30 min candle closing well above the TOP Centre Pivot line.
(4) Risk Management Plan:
- This was little high as it was set to below the end of the Bullish FVG at the bottom. On hindsight i should have waited on my entry for a revisit. However sometimes i don't wait as it does not revisit.
(5) Profit Target:
- R1
(6) Stop Loss:
- Bottom Of FVG
(7) Entry:
- First Candle after 30 min candle closed above TCP
(8) Profit Taking Plan:
-
(9) Analyzation:
-
(10) Psychology of the Trade:
-
(11) Overall Rating:
(12) What was Good:
-
(13) What was Bad:
-
(14) Improvement Areas:
-
(15) Rule Broken & Key Takeaways:
Trade active
Failed , The issue is I entered to early and didnt wait for it to actually hit the FVG .. I Should always wait for a proper retest and filling the FVG rather than just tapping.Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.