Getting the direction right but missing the entry is still a W!!!!!!!
We noticed that buyside got taken and that our FVG formed on the lower time frame.. we anticipated price to return back to the gap
but it did not.
We planned to enter via limit order on a similar setup on US500 also.
We manually executed on the dow tho as we noticed it was falling.. looking back we should have considered the correlation of the indicies
and use the dow as an indicator of a potential move to the downside for all risk assets.
While this was occurring, we noticed bullish movement in the DXY..
FED Chair Powell spoke today.. He hinted at continued hawkish sentiment from the Fed.
We noticed that buyside got taken and that our FVG formed on the lower time frame.. we anticipated price to return back to the gap
but it did not.
We planned to enter via limit order on a similar setup on US500 also.
We manually executed on the dow tho as we noticed it was falling.. looking back we should have considered the correlation of the indicies
and use the dow as an indicator of a potential move to the downside for all risk assets.
While this was occurring, we noticed bullish movement in the DXY..
FED Chair Powell spoke today.. He hinted at continued hawkish sentiment from the Fed.