End of Day Review
+2.17%
2 trades taken.
1 winner, 1 loser, 0 break even.
I had marked a possible support area earlier on this morning, and when price approached it that fast, I jumped the gun and entered the trade.
I could have waited a bit more, but given that after my trade the next two candlesitcks were still there, I am sure I would have entered the trade anyway.
Didn’t work, not particularly an edge trade, so I should really save these kind of attempts for the future once I start to read the market a bit better.
Oh boy I was longing for a trade like this one.
Right when the feeling of relegation was starting to kick, it felt like a last minute goal that saved me from falling deeper.
It wasn’t free from emotions I must say. After I entered the trade, that candle and the next two stayed hoovering around my entry level. I was like “why does it need to hang around there? Just go up!” I’ve seen so many cases where price effortlessly retraces that those 2+ minutes of indecision were painful. I set my lock in levels (you will observe two small horizontal lines, one between 1 and 2R, another one above my 2R level) and I went away.
It was a recomforting to come back with price above my 2R level and about to touch my target price.
There was role reversal (multiple times if you keep looking at the left on the 1 /5 or even 15 minute charts) and there it was the M1 Moving Average going up to help the reversal. That’s Blackbox’s edge.
