Oct 8: Obvious Loss with Long Lost Mistake Easily Fixed(read)
I put limit entry SHORT on an UPTREND. That was my mistake. and maybe my mistake for a long while when using limit entries. I should have just set an alarm here and checked for price respecting the FVG if I really wanted a short trade in this uptrending price. natural response is SL HIT
thing is, when you put this limit entry here in expectation that price will revisit and dump again, the problem is your confluences for this short trade has been used up. so, you should have waited for your confluences to align on this 5min FVG if you wanted to re-enter.
So, whenever you are expecting price to revisit an FVG and then reverse,
- DON'T PUT A LIMIT ENTRY.
- SET AN ALARM
- ONCE ALARM TRIGGERS, WAIT FOR A NEW PATTERN AND CONFLUENCE STACK TO FORM BEFORE ENTRY.
It's a new ORDERFLOW LEG, so treat it as such...
holy duck
I put limit entry SHORT on an UPTREND. That was my mistake. and maybe my mistake for a long while when using limit entries. I should have just set an alarm here and checked for price respecting the FVG if I really wanted a short trade in this uptrending price. natural response is SL HIT
thing is, when you put this limit entry here in expectation that price will revisit and dump again, the problem is your confluences for this short trade has been used up. so, you should have waited for your confluences to align on this 5min FVG if you wanted to re-enter.
So, whenever you are expecting price to revisit an FVG and then reverse,
- DON'T PUT A LIMIT ENTRY.
- SET AN ALARM
- ONCE ALARM TRIGGERS, WAIT FOR A NEW PATTERN AND CONFLUENCE STACK TO FORM BEFORE ENTRY.
It's a new ORDERFLOW LEG, so treat it as such...
holy duck
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.