GJ broke below structure and closed both on the 4H & 1H timeframe. Also on the 4H when you use the Fib retracement looks like GJ retraced back to the 61.8% and now looks to go down to 127% extension.
Upon seeing close below zone(188.00) I waited for a small pull back to entry @188.100
with sl@188.43(Risking 33 pips)
Tp1:187.53. TP2:187.35. TP3:187.15
Market Bio-Feedback:
* Where has the market moved since I entered my trade? More or less break even, slight profit
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Feel its likely to go my way however volatile & Alot of buyers
* What do I like about this trade ? I stayed patient for entry and following my trading plan
* What do I dis-like about this trade now? choppy, slow and keeps going back to entry
* On a scale of 1 to 10, where would I rate this Trade now? 6/10 , Descent
* If I were not in a trade now, would I take the opposite trade ? No
Upon seeing close below zone(188.00) I waited for a small pull back to entry @188.100
with sl@188.43(Risking 33 pips)
Tp1:187.53. TP2:187.35. TP3:187.15
Market Bio-Feedback:
* Where has the market moved since I entered my trade? More or less break even, slight profit
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Feel its likely to go my way however volatile & Alot of buyers
* What do I like about this trade ? I stayed patient for entry and following my trading plan
* What do I dis-like about this trade now? choppy, slow and keeps going back to entry
* On a scale of 1 to 10, where would I rate this Trade now? 6/10 , Descent
* If I were not in a trade now, would I take the opposite trade ? No
* If I looked at the market now, would I take the same trade? Yes, but higher entry
* How do I feel about my trade? Good trade as still as Bias was right in the end.
* What do I like about this trade ? Planned trade and stayed patient.
* What do I dis-like about this trade now?Early Signs were there as sellers were struggling. Could improve Risk management by actively cutting risk.
* On a scale of 1 to 10, where would I rate this Trade now? 6/10.Due Management
* If I were not in a trade now, would I take the opposite trade ? No