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King W. Harbmayg's Journal Entry #31

Lesser Position: 1:5 R

Scheme 1— Direction via 1D
snapshot
a. current daily structure favors bulls,
b. prior day printed long candle,
c. and so my bias is long

Scheme 2— Structure via 15M
snapshot
a. price is not in discount range,
b. demand zone is triggered

Scheme 3— Execution via 1M
snapshot
a. market structure favors bias,
b. execute during entry window,
c. stop at the low of structure
Note
This is my second and final trade for the day. The previous trade I exited prematurely, about halfway through the trade. This time I will allow price to decide.
Trade closed: stop reached
Scheme 4— Evaluation
a. trade resulted in -1 unit
Beyond Technical AnalysisdaytradeharbmaygschematicUSDJPY

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