Short

Short from 1.2951 Stop at 1.2955 Scalp entry of the 5m with HTF bias

Comment:

Was maybe to impatient with this one and didn't get a fill when price ran up to my orignal entry and which was slightly higher and gave the stop more room also. The trade was taken at 12:37 which is also not an ideal TOD but i feel like this will have a large move over the coming days.

Comment:

Risk was 1% but entry technique was tight so this also maybe should have warranted a smaller position as there are many factors that influence this as not being an A+ set up.

Comment:

The things that downgrade this trade are:
Entered the trade early, did not wait for my exact level
Acted impulsively and emotionally because i thought it wasn't going to fill me and was going to run because it whicked into my entry. I then chased price and wasn't acting rationally
Time of day, it may have been an impulse entry even though I waited for a retracement
The entry is 5m based

Comment:

If I waited for the retacement this would bring this up to a B- I would say it's a C+ trade TOD would have also have brought it up to an B+

Comment:

This came up a retested a br- and broke it may have been a warning sign which was not heeded, and failed to sweep the swing low. I maybe should have cut pos. in half even if it was still right to then add in a better position and reduce risk

Comment:

Broke MS on the 4h and am still holding a full position here

Order cancelled:

Got shaken out on this trade, I had about 13R and didn't take it and run, I should have at least cut position size in half once MS starting breaking to the upside out off the weekly level. Ended up with only 4R which is very frustrating but it's all about growing and learning and when you have trades like this the way to take emotional thinking out is by taking profit at logical areas, areas where price could potentially turn and areas where MS starts breaking especially when it's starts rippling up through the time frames. Another thing which tarnished the trade was I added to the position there were any signs of breakdown from retracement, I took two quick fire trades trying to sell turtle soups when order flow was being respected to the other way I was trading. Swing trades are out of my experience so this was a massive learning experience, they are harder as I am mainly asleep when major liquidity enters the market so it will have to be something to be reflected on and learnt from . C+ trade F+ Trade management Profits need to be taken especially when you are given such a high R, not taking these chances opens you up to bad losses and behaviour and is a bad if not worse than being incorrect.