CLN4 Trade on May 20, 2024 09:50 from Op7imalTrader: Tradervue User Stock Trades.

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Op7imalTrader

 

The set-up: In-Between Highs Swept + 50% of 12 Minute Zoneage.


Did I meditate/visualize before trading? Yes


Did I get fresh air before trading? Yes


Did I annotate what the current model was & what we are expecting from price? Yes


What I did Right: Waited patiently for my set up to present itself. I saw that we swept ADR Highs in the ODR & thought that could have been the completion of the trumpet, and we could expect way more downside.


What I did Wrong: Even though I marked out that bullish 12 minute zone, I still went short without waiting for a 5 minute valid high to be put in. If I would've been patient, I could have waited for a 5 min high to be put in, and would not have taken that expense. Coming from an opposing zone or liquidity, we always have to wait for valid point on 5 min to be put in!


Where I could improve: Waiting for that valid point to be put in when we are reversing from a strong opposing area is KEY.


Trade grade: C-


Big-picture: Looking bearish, but structure did just switch bullish & we were in a 12min bullish zone with a 5 minute valid low.


Prep: 10/10


Entry: 10/10


Stop Loss: 10/10


Target: 10/10


Trade Management: 10/10


Rules: 7/10



Execution detail:

Date/time Symbol Side Price Position
2024-05-20 09:50:19 CLN4 sell $79.27 short
2024-05-20 09:51:01 CLN4 buy $79.37 0


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