@XennialTrader Assuming that’s all you can know, short it. Stop above ONH and TP and ONL. RR is at least 1:3 on what appears to be 50/50 odds excluding4% for neither breaking.
Welp thesis was great but expression of that was "poor".. tried to play some long bounces but sellers said no way jose.. just never got re-offers into my areas of interest.
bit of a struggle of mine: currently i only trade re-bids and re-offers.. so do i adapt playbook to include things like the look above and fail of 30160 at open which did not have a re-offer? 🤔
nyope
saw lots of aggro buying come in as we popped above 620 after the pause.. but no follow-through. Can see 20+ buy at the highs anddd that's it! Falling back into where those buyers got aggressive was the knife in the heart for this move.
Can see on the leg up that we had some aggressive buying (46) at the highs, and underneath came some aggr sell was able to push price down and break the lows.
leg down its just sell aggression til we get into
Low we see aggr sellers get left behind and reclaim bulk of sell..
but once we probe into the delta distribution above where there was quite a bit of buying it acts as resistance, buyers not willing to continue pressing, and we fail.
Can see where you kindof had sell side exhaustion on the probe (middle profile) also left behind quite a bit of strong buying that didn’t go anywhere on the leg down.
After entry (left most profile), can still see some buying stepping up..
Like if you’re about to have your best round of golf with 3 holes to play. You realize this and just completely choke. Nothing changes except your mental.
Had this trade not worked I would have kept trading.
Not sure how to combat this.. push through?
This was a facade to protect PnL. Yes, work was busy, but I could have delegated my tasks and focused on the biggest ROI task -> trading.
I know my edge is very strong rn and im fumbling it…