Confidence: 7.5 +1% Used fib and scalped hard on this trade.
Price at HTF was creating a LTF break & retest. That's the core emphasis for this trade. Coupled with a lot of LTF analysis to back it up.
Re-entered after getting knocked out of the trade. Reasoning is explained on the chart.
Good entry, good setup, good SL. Bias was correct but my risk management got me stopped out. Will have to revise over it. Caused the same issue with previous trades.
Confidence: 8 SL1: 100% Price never closed as a fakeout on a 1hr, and although 30 does do so, it would have been much much better to wait for coming candles to print confirmations. As both Long and short seems to be both a potential trade at this setup
TP1: 50% TP2: 50% Entry could have been better on LTF, I could've held the trade a little bit longer, as I was closing my last bit of position based on 5m which is quite a weak time-frame.
1:1 RR Price has been creating HH HL structure, entered after reversal pattern and breakout of candle
SL1: 25% SL2: 25% SL3: 50% Might be better to wait for price to price last structure high, than to anticipate bullish momentum from candle closing above the key-level
Confidence: 7.5 SL1: 25% SL2: 75% Looking at the HTF market structure, it's most likely saying that it's a bad idea to enter long.
22/03/21 Confidence factor: 7.5 TP1: 1:1 50% TP2: B/E 50%
22/03 1:1 RRR 25% @ BE 75% @ 1:1 RRR Counter trend trading. Not going to hold it for long.
19.03.21 LONG DAYTRADE Closed 50% position at BE Closed 25% @1:1RRR Closed 25% at BE
18/03 SHORT SCALP I closed half at BE once, initially because price opened and pushed down instantly not creating any LTF candle retracements. Just to mitigate potential risk exposure from this price action