2D Bullish Orderblock, H12 FVG, H12 FVG SHORT, M1 Displacement through H12 FVG, M5 Displacement through H12 FVG, M5 FVG 50% Hold (LONG), Price Action,

Strengths:

1. Price Action Focus: You successfully read price action without bias, reacting to displacements on multi-timeframe Fair Value Gaps (FVGs).
2. Entry and Re-entry: Your re-entry after the first small loss was well-timed, capitalizing on a bullish-to-bearish variation on the 1-minute chart.
3. Trade Management: You demonstrated strong trade management by cutting your long trade just before a major drop, showing great awareness of shifting market conditions.
4. Profit-taking: You effectively took profit at a key level (50% between the premarket high and low) and managed your trail stops, limiting losses and locking in gains.
5. Adaptability: Even though your upside target wasn’t hit, you adapted by identifying the short side displacement and capitalizing on the downside move.

 

 

Today I came into the market with no bias, I simply read price action, and follow the displacements on multi-time frame analysis FVG's (Fair Value Gaps).

There were many imbalances and gaps, but with hindsight at this current time, it appears that the 12 Hour FVG wil likely be the short trade entry of the day.

I entered the market long after I got the first 5 minute displacement to the upside, with a hold at the 50% line, and a bearish to bullish variation reaction on the 1 minute chart. 

The trade was very annoying to stay in, as is kept coming close to my trail stop multiple times. Until it ran my stoploss for a small loss, and I immediately re entered the trade on the following 1 minute candle, after it wicked the 50% area again. The trade put me in the money immediately, as I was targeting my first take profit to the upside, I noticed that there was a 1 minute displacement to the upside, and I was also tracking that fair value gap, and just short of my upside profit target, it broke the 50%, which is where I cut my trade, and actually happened to provide the exact short entry trade for the session. as the next minute downside candle was the short side displacement in price through the 12 hour fair gap, and the displacement had confluence between the 1 minute and 5 minute charts. 

It took me a moment to catch on to price action, so I wound up marketing short, and adding through the session low and VWAP break. I took profit at the 50% line between the premarket high and premarket low, and then trail stopped the rest of the partial on a 1 minute trail stop. And it took me out of the trade and continued dropping.

 

I think the part about this trade that made it the most difficult for me to catch to the short side, was the fact that it didnt hit the upside bearish orderblocks in confluence with a 61.8% bearish retracement from the prior days range. From that level (which was also my upside price target) I could have waited for a variation price action reaction trade on the 5 minute chart, but overall, I did an amazing job reading price action raw, because I cut the long trade at the perfect time before the drop, regardless of the fact that price didnt hit the upside target I was aiming for. Had I got greedy for the upside, there is a very high likelyhood that I would have ended the day red.