Reasons why listed in chart...
General bias is currently bearish, but could change after targets are hit.
I will be looking on the lower time frames for signs that the short setup is initiated, this is confirmed by a break of structure, and enforced by divergence with the SPX.
General bias is currently bearish, but could change after targets are hit.
I will be looking on the lower time frames for signs that the short setup is initiated, this is confirmed by a break of structure, and enforced by divergence with the SPX.
Comment:
First possible entry: limit order was not hit.
Comment:
(Divergence with SPX)
The better option was trading SPX.. (equilibrium was met on SPX.)
The better option was trading SPX.. (equilibrium was met on SPX.)
Trade active:
Executed
risked half of a percent because of the tight stop loss.
Main reasons:
-market not giving a lot of retracement
- went to equilibrium
- divergence with SPX
- 1m POI formed
- respected order flow
- see additional info on chart below:
(see time of screenshot for those doubting if not hindsight..)
risked half of a percent because of the tight stop loss.
Main reasons:
-market not giving a lot of retracement
- went to equilibrium
- divergence with SPX
- 1m POI formed
- respected order flow
- see additional info on chart below:
Comment:
Trade closed: stop reached:
loss of 0.3%
Trade active:
NOTE: THIS IS HINDSIGHT: could not execute on time... but was expecting this to happen. (wanted to still post this to show how efficient the market is..)