Failed trade analysis:
Here’s a failed trade from last week.
Tried to short MNQ on the IB down on the daily 112down setup. Closed out the trade for less then 1r loss when I saw that there was no follow through and it was likely going to make a new high.
In hindsight, guess I should have been more patient and waited for a better setup in with the new month/quarter. Last quarter was so strong it was unlikely to fall apart at the end of the Q.
Any thoughts? #[0]
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Hi David,
Thanks for your YouTube video. It wasn’t as obvious as I thought. Trying out how to post and request sats now. Hope this works.
Best,
Andy
So for example I could have waited to get in on a breakdown and reversal below my stop on the chart right?
That would have been the potential bottom of another broadening formation.
https://www.tradingview.com/x/8y1htlng
Went long CCJ today on the 2day inside bar up setup above 25.01, stop below 23.85.
Similar setup on SRUUF
That was an awesome trade to see executed. Great teaching points thanks for sharing!