Another day in Nasdaqistan! My first major loss in 2 weeks. Everything was right I guess I should’ve anticipated price wanting to tap into the 1h OB. On to the next setup! $NQ
So far this weeks PA on $NQ is choppy however this is where my patience as a trader is tested the most. Get in if the setup shows and get out of its strongly invalidated 👍🏽
Nobody tells you the last stage before profitability looks like failure.
Right before it clicks, the same 5 signs show up, and none of them are in your P&L.
If 3+ are true, you're closer than you think 👇
Scrolling down my feed and seeing the trading influencers losing today made me feel good, they were buying but I saw the selling opportunity 💪🏽
Although stop out at B.E. The trade still was a win and my bias was correct.
IF YOU TOOK THIS TRADE WITHOUT KNOWING THATS PATTERN TRADING AND ALTHOUGH WE ARE TRADING A PATTERN THERE'S A DIFFERENCE IN WHEN TO APPLY THE SETUP AND TAKE THE TRADE VS SITTING IT OUT. IF YOU WOULD'VE WAITED 30MINS LATER A TRADE WOULD'VE PRESENTED ITSELF.
$NQ SHOWED THE REVERSAL WITH ALL CONFIRMATIONS MAKING THIS AN A++ TRADE HOWEVER ES SHOWED IT WANTED TO CONTINUE LOWER. IN CASES LIKE THIS ITS BEST TO WAIT IT OUT AND UNTIL BOTH PAIRS ARE MOVING TOGETHER.
3 different types of trades:
Trader 1 more aggressive
Trader 2 ifvg til the death
Trader 3 conservative with obvious targets
What they all have in common…. Patience