Paper Trade 4, short.

Session: London
Odds: session low is in
HTF Bias: short
(note: htf bias not confirmed, just choch)
LTF aligned.

Targeting: 1m OB w/i 5m OB.

Thoughts: Price is currently trending down, with the htf just beginning to break structure towards the bears favor.
Im attempting to short a rejection off a 5m OB.
price has had a nice reaction, forming a shooting star, on the LH.
I have zoomed in to find a retracement on the 1m.
2:1 rr
targeting lower liquidity.

Trade active

Trade is live.
price has tapped 1m poi.
will see how far up we retrace, or if price just reverses.
I forgot to mention i placed my sl at the 5m LH, after the BOS.

Why did i enter my trade:
15m bearish, or beginning to become bearish. it technically was bearish at my trade entry, so i technically didnt break system rules.
5m in alignment.
price hit 5m OB.
price hit 1m poi.
2:1 target
all system criteria met.

Trade closed: target reached

and we won.

another win, that 2 in a row, 1 more paper trade before i can go live again.
whats there to say:
we stuck to our system, stuck to our RR
- i was afraid mid trade, i said what if i messed up, what if i missed something... blah blah blah.
analysis paralysis.
i had to remind myself, i said look: we followed the system, we stuck to our rules; its a PAPER TRADE. why am i stressing in practice?

all in all. that felt great. its great to see progress.

Also. in my paper trade, i was so confident that our order block down there would be hit, i actually set my TP at 88.5k, and left the little short schematic at 2:1 to simulate how id run it in real life.

i would take 2:1 tp, and let rest run to liq below.

Note

this is what it looked like in the 1m.
that yellow box was my 1m poi, you can see its nested w/i my 5m ob (ghosty white box).
i guess in retrospect, maybe i could have found a better entry, but i could have just as easily missed that trade.
(side note: look at what price just did. BTW im anticipating a push up.
my initial idea was: get one short trade in, obv retracement on the recent leg up. catch the next impulsive wave higher. sot thats what im gonna do now)

Note

final note:
idk how well this will work, but i entered at just the 15m choch, and i DID not wait for 15m bos.
but i technically dont have to, according to my system.
technically, as long as htf = bearish.
and my LTF aligns, we are good to go.
will test this out in my further trades, i will start keeping a mental note of this parameter.

GM_Gismo

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GM_Gismo