In a daily c3, we have already expanded so that could be one reason its a loss. no clear 4hr structure, not in c2/c4. inside 30min/1hr gap, looking for 9am to manipulate into gap and then atleast take out the lows. happens later on just a part of the process.
Took an L today on Gold. I missed my 3 min entry at 9:33 and so i pressed a little bit on this trade and dropped down to the 1min which i never do. C4 continuation on 1 min but we had already expanded. -1R. There were many opps today, i just didn't captialize. This is a part of it.
Overall ended up on the week up .7RR but should have been a much better week. Working on still trusting the process and holding the trade. Easily should have been a 3RR week.
To me this was a A set up. Only reason it's not A+ was because we are at all time highs. PSP on the 1hr, ES and YM stronger. Going down to 15 min we had SMT and then a SS with as ES took 15 min low but ym and es didnt. I took on NQ but YM clearly had a stronger close so i should have gone with YM.
I went BE as NQ was moving slow and didn't want to see it turn red and we were at all time highs and expansion after expansion so didn't know when we can get a retrace. Got a little unlucky as mnq wicked kind of hard so need to be aware of that. Overall happy with the trade just should have been on YM.
Went BE too early i entered on the 1 minute so i need to not watch every tick and watch on the 3 min, on the 3 min it just looks like a retrace so i need to trust the system.
YM manipulated 4 hr into fvg, ES and NQ didn't, NQ/ES on C3, C2 on YM. Gap fill with ES as ES went into FVG NQ didnt, clearly stronger, 30 min c2 created trading c3 to the highs. NQ pulled into 3 min FVG, close over, it wasnt the cleanest PA so i went half risk. 2RR
One loss today, missed my A+ set up and pressed a bit on this trade. My mistake was not staying within the C3/C4 framework, had already expanded and was on 30 min candle 5. Should have waited for a new phase of price
These past two weeks I’ve been very consistent and patient. Only taking 3 trades the last two weeks and both were winners. Now focusing on holding to 2RR as I cut all of them early.
Yesterday's trade recap:
2am 4hr was C2, 6am SMT with SIL at london lows; 9am c2 with SMT at SIL, GC stronger. Looking for c3/c4 continuation on the 1hr/30min. SMT gap fill as sil reached into FVG and GC didnt still stronger, took on internal Cisd after 10am opened low.