- Bearish candle
- Bearish driver
- Bullish M
- Weekly lows
- Bearish
- H&S
- Bearish retrace candle (caused 4H BOS)
- Selling zone in past
- Bearish
- Ascending channel broken
- H&S
- Bearish W
- 3rd touch descending trend line
Trade closed: stop reached:
Review:
If I follow my trade plan blindly then this was a trade to execute BUT if we look at the 'outer structure' the weekly positioning of this entry was NOT good (low probability)
Reason for the loss:
- Weekly Bullish M was activated with bearish rejection candle last week
- Weekly lows got activated
Emotions:
- Talked myself in to this trade because the 'only' disadvantage was the outer structure because al the other things were bearish indications (3/3 TF's bears)
- Very slow week in general and took 1 trade that was a loss and unconscious I wanted to make this -1% disappear. Because there was only one disadvantage I pulled the trigger
If I follow my trade plan blindly then this was a trade to execute BUT if we look at the 'outer structure' the weekly positioning of this entry was NOT good (low probability)
Reason for the loss:
- Weekly Bullish M was activated with bearish rejection candle last week
- Weekly lows got activated
Emotions:
- Talked myself in to this trade because the 'only' disadvantage was the outer structure because al the other things were bearish indications (3/3 TF's bears)
- Very slow week in general and took 1 trade that was a loss and unconscious I wanted to make this -1% disappear. Because there was only one disadvantage I pulled the trigger