This was a short trade while looking for prices to fill the gap on the daily chart. I entered on a failed second entry long.
Live Short Trade Example 04-16-2021
This was a short trade while looking for prices to fill the gap on the daily chart. I entered on a failed second entry long.
I took that exact same trade Mack, got in one tick below the signal bar after it closed. BUT!! I had drawn a range in that area (there appears to be some support to the left), and I felt like I was going short right into support there, so after the two non-bearish bars that followed the signal bar, I got anxious that prices may be going back into that mini-range and bailed on the trade with a one tick profit. Then watched it go my way… arrr!! See, the same issue on drawing mini-ranges that I discussed with you via my comment on your previous live trade post 🙂 I had the downtrend drawn as well as the measured move down… if I was watching for the gap in the daily chart as well (which I wasn’t), I may have been more convinced of the downward bias.
It’s great to see how calmly you take the entries you’ve been teaching traders for years.
Thanks for taking to time to record your Live trade and share it because it’s very helpful.