Dropping The Ball Learning from missed opportunities
Wasn't going to post these because I was a little embarrassed. Didn't trade a single set up on the chart lol. (Personal reasons had me miss the entries) But I thought it might be able to help someone else out there to see the setups and the thought process behind why I marked things up the way I did. Had been waiting for the GJ to approach the Daily POI (Supply Ob) And its most recent highs, I expected some sort of bearish selling pressure to present itself once tapped into. After reached I notice a possible Distribution Schematic begin to develop and started to treat it as such the first sell position was based off the idea of it being the first sign of weakness. So I picked a lower TF Ob and sold it down.(Ended up being correct). The second buy position was simpler, since I had a clean BOS from the first trade I was looking for some form of LPSY after a clear UT was formed and bought the chart from it's last bullish buyside Ob.(which also worked out) The final two set ups are textbook , just selling the last points of supply in the schematic(LPSY). Picking smaller TF OB for entries. Stick to your analysis and keep growing as Traders the markets are forever adapting/changing and so should you. Safe Trading !!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.