Tue 2024 10 08 - Short

Oct 8, 2024

||| Stats |||

Stats Day:
** 08:00 H4 double color, - Short
** 09:00 H3 Doji other side, - NO/Long/Short
** 09:30 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 09:45 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short
** 16:15 VOLD ???, AD ???, Senti ???, Agio St ???, Lg ???, - Range/Long/Short

Stats Week:
** US CPI: 14:30 - pending,
** Mon Morning rule - pending,
** Tue return to W1 trend and not a W1 trend change - pending,

Stats Month:
** Oct turn,
** Mid Nov end,

Stats Year:
** US Election,

||| Trade Taken |||

Trade Taken:
** Time frame:
* H4

** Time:
* 08am,

Set-Up:
** Trigger for trade:
* 8am H4 double color Short,

Risk Reward:
** Risk:
* Gap close,

** Target:
* R 1:1 as against D1 trend,

Oct 8, 2024

Trade active

* The 8am H4 candle immediately reversed and now engulfed the 4am H4
* Strong risk of trade failing
* On return to 19015 consider ending trade on break even

Oct 8, 2024

Trade closed manually

** Results:
* Trade in closed manually at 9pm at 75% risk loss

Analysis:
** Was trade executed correctly?:
* Yes, although H4 double reached onto multiple element levels,
* Tue rule could give the intermittent down trend another turn dn,

** Improvements:
* None identified,