Thu 2025 01 16 Short

Jan 16

Risky short in H3 at 12pm based on negative morning momentum. It's a trade based on one candle, no confirmations down and no 2nd momentum seen yet, against the trend and at an ath.

Hence $ risk is suggested minimal, sl on ath. R 1:1 as target, unless a 2nd down momentum appears and sets new targets down.

Jan 17

Trade closed: stop reached

Clearly a risky one candle play that did not find any follow-up. It is more often than not helpful to have a second momentum in place before taking a trade. However given the extra warning and the small $ risk an acceptable result.

Improvement opportunity really, if any, would be on the scale of high hit-rate to wait for second momentum before taking a trade against the trend, if so at all.