Shared by
lrud1314
- First trade was good based on the entry criteria - waited for a high volume candle in the opposite direction of the trend with the expectation of a reversal IN the direction of the trend
- However, this was a false signal, only a single top - so ended up getting stopped out within the same one minute candle
Could be useful to wait it out on a longer timeframe or only enter after at least a double top if looking for a reversal in the direction of the trend
Second trade was just a FOMO trade with no basis in anything. Just a bad trade to try to catch some momentum with no basis in anything
- All trades were correct with respect to direction, however the 8 tick stops are too tight to allow the trades enough time to breath
- May consider upping the risk per trade to 12 ticks
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-08 09:50:02 | MESM2 | sell | $4154.50 | short |
| 2022-06-08 09:50:14 | MESM2 | buy | $4156.50 | 0 |
| 2022-06-08 10:38:07 | MESM2 | sell | $4150.50 | short |
| 2022-06-08 10:40:51 | MESM2 | buy | $4152.75 | 0 |
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