ItalianTrader wrote: Thu Apr 13, 2023 11:14 pm
Previous morning trade , Sl hitted , any thoughts ?
Sorry if this is late for you -----------------> I think it is a question merely of failing to
scope the market to a) recognize you were in a cyclic trend higher b) and to guess the
space in direction otherwise you did well frankly - you were methodical and present minded in the trading.
a) Look at your before screenshot - at the point of entry you were right except that you did not look to your immediate past which would suggest the attractor was probably
recursive ahead because of course the last high before your trade was
called by a higher low so there was a hint to look at TF +2, and 3 to check for space in direction and attractor positioning.
b) Hopefully next time consider that a cyclic trend going up always has a
high associated with a
higher low and this pattern is recursive until it inverts (hence the term cyclic trend). As you can see from the pattern behind your point of entry, given such a trend, it might trigger the thought that the same could recur and the only solution is to check ahead in time frames ahead of your
trade frame for space in direction, i.e. to guess the chance of continuation of the cyclic trend and project the attractor up instead of down then wait for indications from the screenface at the low. But well done.
(-_-)