#2 Trade of Day (Confirmed) LOSS
HTF POI = M30/M15 POI , which created clear imbalance and shows institutional participation.
Entry = M1 , waited for 2 BOS and traded clearest ob created by 2nd BOS.
Stoploss = 2.2 Pips
(Entry type 2 = Liquidity grab, with 2 BOS following afterwards)
Buy limit set at open of LTF OB!
----------
REFLECTION
Price took me out of trade on both reactive & confirmed entry. Definitely frusterating, but its okay! I'm happy that atleast I'm following my rules.
Price filled me in, and liquidated me before pushing into my prefered direction. Sucks to suck, but again, followed my rules and took "good trades".
MISTAKE: Taking reactive entry w/out determining a truly strong confluence. Why not do a confirmed entry miguel? IF you decide to risk your designated capital, wouldn't you want to make sure that you're getting the best probability??
Price was already ranging within the M15 Structure, so to take a reactive entry when theres a slight consolidation is stupid. Reactive entries is when price is Trending WITH STRENGTH.
NO TRADE IS EVER GUARANTEED, but some are more likely than others. use your capital intelligently.
Related publications
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.