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its dumb as fuck to call the top, but this looks dead to me and we starting to roll over and the r/r is good
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stop trailed b/e
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closed here, not going to plan
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did get the drop we were looking for, just not as extended as i thought it would be, closed this for like 1R return
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@TRADESBYZION, no im never sure, this is a game of probability not certainty, this is why prudent risk management is essential
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Did your risk management include the probability of what happens when you try to fade an existing trend?
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@innocentAccoun35113, yes, i have found in my own trading that the existing htf trend has little impact on my probability of success.
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@LH65, so you haven't been very successful then. Well it's refreshing you are honest about that. Although you did fudge the result about the short trade you took from under 29k. You reported closing when prices hit 31550. That's a difference/loss of 2.5k.
Anyways I guess the lesson learnt here will probably make your future predictions better. Good luck
Anyways I guess the lesson learnt here will probably make your future predictions better. Good luck
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@innocentAccoun35113, i closed the position in small profit and i can link you time and entry screenshots if you like, if you read in the comments above (yes i know that might be hard for you) you will see my management notes, unfortunately TV doesn't have timestamps on comments. The comment i added this morning was simply me rounding up my thoughts on the trade, not my final exit price.
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It's none to wise to trade on the 15 minute chart either given that the big institutions are trading on the 1 hour chart.
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