Trade Details:

• Entry Time: 8:17 PM
• Status: Closed
• Asset: /MNQ
• Type: Short
• Patterns:
  • 1PM Sell Side
  • 9:30 Open Downside Drive
  • H12 Bullish Trend Failure
  • H12 Line In The Sand
  • H12 Range
  • H6 Bullish Order Block
  • Higher DOL
  • Lower DOL
  • PML Short
  • Trend Below Lowerband
  • V Shaped Recovery
  • VWAP Bounce
  • VWAP Lowerband To Upperband
  • VWAP Upperband Short
  • VWAP Upperband To Lowerband

Notes:

• 9:27 AM: Short bias due to H12 downtrend. Expected no significant bullish trend shift until breaking above 19380.
• 11:40 AM: Initial losses from failing to act on short entry signals at PML, chasing shorts, and not taking profits on scalps. Added to a losing position, increasing risk.
• 3:38 PM: Managed to recover losses and finished the day up $1200 by shorting after a failed H12 bullish move. This trade capitalized on VWAP Upperband rejection in an extended range.
• General Observations:
  • Day began with mixed signals, leading to initial losses due to mismanagement and aggressive positions.
  • Recovered by identifying a strong short setup based on multiple confluences: H12 trend, VWAP levels, and range top.
  • Emphasized the importance of defining and respecting the 'Line In The Sand' level for future trades.

Key Takeaways:

• Right:

  • Successfully identified a high-probability short setup and executed it effectively, recovering from earlier losses.
  • Recognized the significance of multiple timeframe analysis and VWAP interactions.

• Wrong:

  • Initial mismanagement of trades, including chasing positions and not cutting losses promptly.
  • Over-leveraging on initial trades led to significant drawdowns.

Outcome: Closed the day with a $1200 profit after recovering from initial losses.

Overall Summary: The trading session was challenging due to mixed signals and initial mismanagement. However, the user was able to turn the day around by sticking to their analysis and executing a high-confluence short trade at the VWAP Upperband. The session highlighted the importance of defining and respecting key levels ('Line In The Sand') and managing risk more effectively.

4o

9:27 AM. Currently short biased. H12 is downtrending, and for it to trend shift, would be above the 19380 area. And even if the market does happen to shift from our candles perspective. The move actually wouldnt be provided until tomorrow because the daily is still downtrending. As well as the weekly, which has another DOL lower through more buy orders.

11:40. I fked up today big time, didnt take the short entry signal at the break of the PML, chased short way to low. Didnt take profit on the scalp I should have. Didnt cut a multiple signals. Added to a losing trade when the A side of the setup was invalidated. All because I wanted to be a dick for a tick. 

3:38PM. WOW. traded my way back to positive, and also finished the day up $1200. Faded the upward break attempt of the H12 candle at the top of the range, and shorted all the way back down, I got a sell signal from the upperband of the daily VWAP. And although I was risking a squeeze, I thought it was less likely because we were at the top of a very extended range.

Todays trading day was very back and forth, alot of stress, and I spent most of the day trading at my screen. My brain is fried. The market opened in the center of the VWAP and top band, Since it was obviously in the center of a range, I decided not to short off of the open, but I came into the session short biased because of the overnight DOL and the lower DOL on higher timeframes. I was also aware that there are alot of buy limit orders below, and I figured we would spend another day driving into all of that liquidity to the sell side, and yet again trapping longs on the day somehwat like yesterdays price action.So the market fell below VWAP off of the open, and because the top wick of the next M2 candle was slightly below the VWAP, I knew that there was a chance that my buystop long trade at the trend reversal on M2 could fail. So i was anticipating that I would at minimum have to wait for the bar to close above the VWAP on the reversal if I was going to take the market off of the open.It porceeded to drop lower,and came back to the the VWAP, in my mind I was thinking it was a good place to short, but I decided to pass up on the trade. At the spot where it says 'missed short' was a trend confirmation entry to the downside, which I figured was a continuation trap on longs from the bottom VWAP band. But I passed up on the trade. I didnt know if it was going to rip against me. Like a dummy, I chased short, and what do you know. it ripped against me. I also was in profit on my chased short, but stupidly did not cover profit at a clear take profit level. The trade went against me, stopped me out, I re entered short at what I thought was the bottom of the range, but what do you know, complete V Shaped recovery. The worst part about this loss wasnt the stopout, It was that I went it too heavy and lost more money than I should have.I collected my thoughts, and seen a simple easy money trade setting up at the VWAP as it was ascending higher, and got my M2 confirmation for an entry. My target was the top of the VWAP band at 19320.Above that, was and H12 candle that has yet to break its trend, with the line in the sand being 19380 on the session, and I actually spotted this level the day prior, and told Paul about the entry. Well, since it was the top of the range, and the next chart over from H12 on the daily trend was very far away, with it also aligning with my prior day analysis, at the top of an extended range from the top VWAP band, I decided on taking the short.It was a very uncomfortable trade, and I was likely sized a bit heavier than I should be, but it just felt like a very A+ trade that I didnt want to pass up on.There were so many confluences. H12 top range, over extended market, VWAP Upperband setup, still downtrending on daily, weekly and monthly charts. Spotted day prior. Was waiting for potential 1PM sell side, which I stated in group chat.With that being said, I think I can for sure with confidence, officially define the 'Line In The Sand' on each trading session, with the H12 high or low depending on its trend. We will now implement this in the future. 

Oh, and I could have waited for the 'Line In The Sand' Level to have triggered, and waited for the turn of M2 and M5 to go short. It was also a technical stoploss level, because it was risking a squeeze higher. In the future I will have to remember to implement this concept so that I can avoid getting in the trade too early. The 'Line In The Sand' could have acted at Buy Side Liquidity for this trading session, signaling that early shorted could get squeezed before the liquidity is ran. The moment it hit the level, ran the liquidity and had a price action response off of the level, could have been our trigger to get short with new HOD stops.