Longing with SL 1 ATR from entry. As long as it's within the range, I'll play the RR. 0.5% risk on this one.
Comment:
Pardon the lines, they were made on lower time frame trading. I forgot to remove them while posting this.
Comment:
SPX gapped down. Entry at 2611. Better risk:reward now.
Trade closed: stop reached
Comment:
the day closed with a hammer bar. reentry with the same risk
Trade closed: stop reached:
From Gold trade
Discretionary: 26.31% - 1% = 25.31%
Planned:35.125% - 1% =34.125%
Something I noticed here while trading this intraday was the failure for spx to rally after tha hammer was formed. Every opportunity for it to rally was met with selling. The market was taking every rally opportunity for the liquidity to liquidate their position. This was something telling and while I short bias in my intraday set ups, I didn't update this swing trade discretionarily. In the lower time frame, there was an excellent opportunity to short the pullback to 2600 as well.
Discretionary: 26.31% - 1% = 25.31%
Planned:35.125% - 1% =34.125%
Something I noticed here while trading this intraday was the failure for spx to rally after tha hammer was formed. Every opportunity for it to rally was met with selling. The market was taking every rally opportunity for the liquidity to liquidate their position. This was something telling and while I short bias in my intraday set ups, I didn't update this swing trade discretionarily. In the lower time frame, there was an excellent opportunity to short the pullback to 2600 as well.