This a note to self but also those that feel like you are willingly handing out your profits to the market on this day
today I was going for shorts since we opened the week with price taking out the old previous week high (PWH) with some momentum I took my entry around 7:25am PST when the 15min candle left an engulfing wick (bearish volume) confused with my bias switching from nq for confluence i simply just the loss for the day
I rarely take trades on Mondays and it is a note to self to not do it again if you find yourself in this situation just keep this in mind MANIPULATION MONDAY.
I call it that because Monday is the first day of the trading week and its laying out the first few price legs of the week to determine the direction higher/lower. In this case the week opened higher and took out friday session high but it is only up until Tuesday London session or NY is where the real direction occurs
if you found this insightful please give me a like and follow or simply comment if you've had this same experience
today I was going for shorts since we opened the week with price taking out the old previous week high (PWH) with some momentum I took my entry around 7:25am PST when the 15min candle left an engulfing wick (bearish volume) confused with my bias switching from nq for confluence i simply just the loss for the day
I rarely take trades on Mondays and it is a note to self to not do it again if you find yourself in this situation just keep this in mind MANIPULATION MONDAY.
I call it that because Monday is the first day of the trading week and its laying out the first few price legs of the week to determine the direction higher/lower. In this case the week opened higher and took out friday session high but it is only up until Tuesday London session or NY is where the real direction occurs
if you found this insightful please give me a like and follow or simply comment if you've had this same experience
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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.
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.