Trade Type: Short

Pattern(s):

• H12 Bullish Trend
• H4 Bullish to Bearish Trend Fakeout
• M5 Open Range Low Break and Reversal
• Sunday Session

Notes:

• Things I did wrong:

  • Did not wait for the H12 candle to shift bearish, which led to a misaligned trade bias.
  • Did not size the position correctly, resulting in excessive exposure compared to previous successful trades.

• Things I did right:

  • Maintained a structured stop loss strategy based on the H6 candle high.
  • Recognized the choppiness of the trading session and identified the need for better trade selection criteria.

• Changes to trading strategy:

  • Incorporate H12 trend analysis to determine daily bias before executing trades.
  • Integrate TTM Squeeze indicator on the M5 chart to avoid trading during choppy sessions. A red TTM Squeeze signal will prompt a no-trade decision.

These adjustments should help in refining your trading approach by ensuring alignment with longer-term trends and improving trade selection during varying market conditions. If you have further trades or aspects of your strategy to discuss or refine, feel free to share.

Im a bottom tick fucking master. Only thing is, it was the complete opposite directional trade. I shorted at the low of the day. Makes sense.

I took this trade because of a bullish to bearish shift on the H4 chart. Because, apparently, according to my prior data, I should only have been executing on the default timeframes. But it doesnt really seem like it matters at this point, because the break of the H4 uptrend didnt shift the daily to bearish. It just kept going higher. 

I have 3 or 4 other trades to journal. And somehow, I chose to complete top and bottom tick of each opposite side on every single fucking trade.

So the only thing that I can come up with at this point, is that if the 12H bar doesnt shift, then I cannot change my bias. 

(Things I did wrong)

- Not waiting for the H12 candle to shift bearish. 

- Did not size correctly, I went in 4 times heavier on the loss, than I did on my last biggest win, this is unacceptable

(Things I did right)

- Basically nothing, didnt even follow my first inital stoploss at the premarket open daily print. But my stoploss was set at the high of the H6 candle, which at that time, was still offering sell side liquidity in between the H4 and H12 candles. 

Today was also a very choppy trading session, and I need to know when to sit out, for this reason, I am going to incorporate the TTM squeeze to give me a clear indication on when I should be involved in a trade

(Changes to trading strategy)

- Use H12 trend to decipher daily bias

- Use TTM squeeze to avoid choppy sessions ( had I used TTM on M5 chart today, I could have avoided the chop on all losing trades ) IF ITS RED, NO TRADE