Trading journal entry #2
Today we took a short in line with current market sentiment.
Our entry was via pending order, we anticipated the 3rd trendline touch to the upside prior to a meltdown to the downside.
We also noticed that the anticipated thirst touch area would occur at a resistence zone which added further confidence to our trade
We had an opportunity to scale in at the retrace, the area was marked prior to the retrace. We did not scale in this time but our initial trade went in our direction.
It is also worth noting that the pattern printed resembles a head and shoulders.
Thank God for the skill
Today we took a short in line with current market sentiment.
Our entry was via pending order, we anticipated the 3rd trendline touch to the upside prior to a meltdown to the downside.
We also noticed that the anticipated thirst touch area would occur at a resistence zone which added further confidence to our trade
We had an opportunity to scale in at the retrace, the area was marked prior to the retrace. We did not scale in this time but our initial trade went in our direction.
It is also worth noting that the pattern printed resembles a head and shoulders.
Thank God for the skill
Comment:
Hope you are enjoying this growth with me and the results from my journal
---> We also noticed that the anticipated third touch area would occur at a resistence zone which added further confidence to our trade