Patience played out for all of you guys who've taken the time to LET THE MARKET COME TO YOU. Trade moved like clockwork. For those onboard I would make sure to take some profit and leave a little portion on the trade.
Personally taken a short scalp yesterday from 17431.6 with 17389.8 as target. Nothing wrong in taking trades 'against' the market as long as you keep the HTF IN THE BACK OF YOUR MIND
As discussed the overall plan executed as expected.....
- IF we trade through the sellside (red line) and disrespect it expect pa to run aggressively for the sellside resting below (17300 and eventually 17200)
- IF we fail to close below and hold we will be retesting the OB where the buyside is currently resting
Hopefully you guys have LEARNED something and for those who feel like they've 'missed out' on the trade.... as long as there is liquidity.... the market will be here...and trading will still be a thing.
DO NOT BEAT YOURSELF UP FOR 'FOMO'... your TRADING should be based on your SYSTEM NOT YOUR EMOTIONS.
LET THE MARKET SHOW YOU ITS HAND ....
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
Personally taken a short scalp yesterday from 17431.6 with 17389.8 as target. Nothing wrong in taking trades 'against' the market as long as you keep the HTF IN THE BACK OF YOUR MIND
As discussed the overall plan executed as expected.....
- IF we trade through the sellside (red line) and disrespect it expect pa to run aggressively for the sellside resting below (17300 and eventually 17200)
- IF we fail to close below and hold we will be retesting the OB where the buyside is currently resting
Hopefully you guys have LEARNED something and for those who feel like they've 'missed out' on the trade.... as long as there is liquidity.... the market will be here...and trading will still be a thing.
DO NOT BEAT YOURSELF UP FOR 'FOMO'... your TRADING should be based on your SYSTEM NOT YOUR EMOTIONS.
LET THE MARKET SHOW YOU ITS HAND ....
Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
