London session
bias short
odds: london high is in.
setup: was watching the bullish retracement for a possible short entry that would align with my bias.
after seeing price mitigate some order blocks, and then proceed to create bearish price action, i found another order block, with a fvg below it.
as you can see, price wicked the OB.
i kind of rushed the entry, i was not going to wait for price to retrace into ANOTHER poi within.
thats just too much. analysis paralysis.
i essentially did a market order, and entered basicially as soon as my OB had been hit and price started to move back below.
i had already a CHOCH and a BOS to confirm bearish movement.
TP is at 2:1 rr.
aiming at swing low == liquidity.
in real life, i would take 50% profit at 2:1, and let the rest run [if i see obvious and close liquidity down below].
uhhhh anything else i missed will be added in the notes.
bias short
odds: london high is in.
setup: was watching the bullish retracement for a possible short entry that would align with my bias.
after seeing price mitigate some order blocks, and then proceed to create bearish price action, i found another order block, with a fvg below it.
as you can see, price wicked the OB.
i kind of rushed the entry, i was not going to wait for price to retrace into ANOTHER poi within.
thats just too much. analysis paralysis.
i essentially did a market order, and entered basicially as soon as my OB had been hit and price started to move back below.
i had already a CHOCH and a BOS to confirm bearish movement.
TP is at 2:1 rr.
aiming at swing low == liquidity.
in real life, i would take 50% profit at 2:1, and let the rest run [if i see obvious and close liquidity down below].
uhhhh anything else i missed will be added in the notes.
Note
This price analysis is conduced on the 5m, with a 1m entry. TradingView doesnt let me publish ideas at less than 15m TF because some [brokies] wont be able to see my analysis.
sounds like a personal issue, tbh. how is tradingview going to punish those who pay?
Trade active
another reason why i entered at market, instead of waiting for a retracement:- choch on 5m
- 5m bos to confirm bearish shift
-- at this point: 5m tf aligned with htf bias.
- system criteria had been met.
- by observation: i often times miss beautiful trades BECAUSE i tried waiting for a damned retracement on the 1m (??? i have brain damage, surely).
so: after all my criteria had been met: i let edge take the steering wheel and just executed.
Trade closed: target reached
2:1 target reached, approx: 25m after entry. perfect time in trade, tbh.
anything more is too much.
again: price didnt retrace on the 1m, so entering market after all my criteria had been met WAS the right choice.
- win 1 of 3 in a row
- 1W: 0L on paper trade so far.
- sustains:
-- i stuck to my system, made sure all my criteria had been met.
-- i aligned my ltf to my htf bias. i only shorted on the ltf because my htf bias was short.
-- i made sure bearish price action was confirmed by choch > bos.
-- i found an OB w/i an OB once my first OB had been mitigated ( this first OB was at the CHOCH)
-- 2:1 rr for perfect trade.
improves:
-- psychologically felt rushed to make the trade.
-- fomo was hitting hard, but at that point in my analysis, all i had left to do was pull the trigger on the trade. everything else had lined up, still i shouldnt let emotions mix.
Note
NOTE: as i said: i would have taken my 2:1 moved sl to entry and let the rest run to liq below. i had marked the liq as that OB in gray.
would have hit for profit too.
all in all: great trade.
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.
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.