NQH8 Trade on Dec 22, 2017 11:52 from mshapiro_smbtryout: Tradervue User Stock Trades.

Entry: Reversal short entry at failure of PDL to get short
-The design was to see rejection from the 85 edge of the HVN which was in line with the established pattern for the day. Once price dipped below PDL and then came back I entered the trade with a sell limit order.
Valid because it was after a rotation higher of over 1 rotation of 55 ticks.
The entry occurred 20 ticks off the top of the 55 tick rotation. Just above 1/2 back of the rotation. looking back it could have been better with an entry just off the upper edge of the HVN giving me better reward to risk. That is something to consider why I did not take the trade up there given the established rotational pattern.
Instead the trade became more of a continuation trade once we were accepted lower and I sold a small retracement and fail.
Selling it as a failure of PDL. with a target down to an incomplete auction on the footprint of 6476.75
-The R/R was 1/1 not 2/1 so that was not what it needs to be.

• No scratch: my commitment to not scratch out of a trade was a process goal for the day. I did not scratch out. I did consider scratching the trade but actually considered my commitment to not scratch trades that were valid in terms of rotation and I achieved that goal today.

I would like to program in a trade to trade the edge of the HVN to get better trade location to get short in the future.

So recap.
Entry valid
R/R needed to be better than 1/1
way to improve R/R is to get better trade location on the rotation.
gain those easy ticks.
Trade management good: achieved target did not scratch out did not move stop.
So modest improvement on trading the rotations not selling it at the bottom sold it just above the mid- still need work on this.

This trade is going in my play book as a failure of a key reference trade.
I have seen this trade work a lot. The entry must be fast but it is doable because of the reference or level available to trade against for the entry.
It can work as a continuation trade as price is beginning to move directionally.
The pullback to the key reference is a nuance but its is there.
It is a way to get on the directional move starting out even if I don't enter at the upper 1/4 or bottom 1/4 of the rotation. I will still be working on a better trigger to get me in in the upper or bottom qtrl. A selling tail to short or a buying tail to get long could be a good trigger to use to enter in the top or bottom qtr of the rotation for a good move with better r/r because of the entry location. I could use this trade I took today as an add on trade or as I used it today.