🧩Situation🧩 Market continues to build in A-up and reaches the previous day high I try a rejection of the previous day hi
💭Self-Talk💭 Price has a better chance of continuing upward and a clear channel upward I am rejecting a tight window that is not offering any edge based on the market structure and the flow. This was a poor trade selection
⚙️What could I improve?⚙️ Better trade selection with more edge this was not a disciplined trade selection.
🛠️5 Trade Components🛠️
1. Setup Reject prev day hi while A-up
2. Entry 2 points below hi at prev day hi
3. Management Held trade while it chopped the level trade never really gave me much chance and didnt have edge.
4. Exit stopped at 4 points risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-01-20 11:13:12 | MESH3 | sell | $3947.00 | short |
2023-01-20 11:29:21 | MESH3 | buy | $3951.00 | 0 |
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