M2KU1 Trade on Aug 20, 2021 03:27 from Fedism: Tradervue User Stock Trades.

its a bit disorganized. but this was the thoughts I had coming into the trade, while hearing everyone advice in my head..
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My thought process:_
/RTY is frustrating because the moves can happen fiercely. When I look at the daily. I see 7 straight losing days. I look at yesterdays candle where it bounced from 2108.7. Volume so strong, it hasn't been this high since last month when it touched 2100.1, 7/19. This can be the reversal point for /RTY.. Head back up dealing with Resistance at 2128... 2159 and 2171..... But the reason why i am so hesitant about it is because RTY has been ranging in this area since it entered in February. Creating Lower Highs in the recent couple of weeks. Not to mention that ES just dropped around 115 points as well. But, one can call the current moves on ES and RTY over extensive move, which could lead to a pullback. Again I think about 50%.. High point before the drop is 2250--> Lowest point so far is 2108.7.. thats 141.3 points. The question is, am I really expecting a 70 point pull back? before the next leg down, if there is another leg down? maybe I can be conservative and do 30% retracement which is 42 points. maybe I can take the super scared 10% retracement of 14 points. Which needs volume present to happen anyways.

I am rambling alot.. bottom line is, I am greedy. I would like entry at 2112 with a stop at 2108. I am willing to risk 4 points for a possible move up.

Something to think about is that it did bounce up 42 points from the 2108.7 low up to 2150.9. Now its back down to 2122.2..

Overall this trade is a bit harder, because I am looking for a bigger move than a scalp. Move that can last a couple of days. If I can't take the long with /RTY, i can just take /M2K and ride it up and down. It will let me test my Thesis while feeling the move of the market with my real money. I have been doing these experiments lately, oddly enough xD
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30 min M2K: Entry and exits..

Daily /RTY, where I saw the play.

I closed one long at 2142, and another long at 2167. I noticed that the DTR was at 60 vs 40ish point for ATR. That meant it was time to close the trade and inspect the market.

Great trade overall, I am glad i waited for my entry.