Also, wish I had compounded with the momentum opportunities from today
3 excellent opportunities to compound and add to winning trades
Dope to see it all play out and work in real time
Courage & discernment is a big trait in trading
1% better every day ๐ช
Really Fire Day
Was patient on my levels
Took the setup
1st Trade: Small Loser ($137.50 Loss)
2nd Trade: Break Even ($12 Profit)
3rd Trade: Big Winner ($1,028.25 Profit)
Pussed out on the sizing and momentum opportunities of the 3rd trade :(
Nailed exact high & exact low๐คฏ
Another lesson
Trailing stops using 15m Candle is really good
Price was 1 time framing down the entire time on the 15m chart
Entire move was 48.25 points which is $2,412.50 per ES contract
Original risk was only $250-$300
Pumped it's coming together
Slowly but surely ๐
Update after 2 weeks of no posting
I blew up some more evals
BUT... I took the last about 10ish days to solely demo trade and replay trade
The practice was perfect, I got a lot more familiar
Had some breakthroughs in my strategy I'll share below
Lets have a solid week!
I caught this 3 candle entry at a naked weekly value area
I was late to the trade but rested a limit order which filled
Price went in my direction and actually hit my predefined stop level perfectly BUT I choked the trade and stopped out early
Let me explain below
I'm also working on trailed stop management
I use order flow software to show me high volume nodes and I place my stops below them since these levels should hold when the bull/bears are in control
What im seeing is maybe its better to hold 2 nodes > 1
Check notes below
An optimization to my strategy has been pre defining profit target based off the value areas of bulls or bears
Since I have a reversal strategy i target where previous bull/bear expansion had concentrated value to take predefined take profit
You can see that in the pic above