1. Thesis: Price broke previous day's high before pulling back, giving what is likely a false break since structure is still primarily to the downside. I believe sells are in order; with my stop loss set at the above all high, I feel relatively secured if this move is indeed a breakout reversal.
2. Performance: (1 out of 5) Confidence— 5 Discipline— 4 Communication— 5
Trade closed: stop reached
It is unfortunate. I had believed the market liquidated but again I was apart of the liquidation. My cohort tells me, "If I do not see liquidity, then I am liquidity."
I will work on my ability to identify liquidity and proper SL placement.
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