The last entry at 71.1k with this model was decent.
Took TP on half and watched Powell's speech... Let me review today... It was really that futures order hangup that disrupted the normal rhythm.. To summarize: Normally it should still be that 72.8k when there was a regular EU session volume expansion entry model+SFP. After I executed this entry, when this SFP broke down on the second test and came back down, I should have let it go.. (if it comes down further, false breakout becomes real breakout) (Result happened to be right in the futures order range, so I didn't let go this time) (Figure 1) Then during the gradual decline, there were N occurrences of dozens of seconds 100m volume, kept appearing but no entry.. Because the first wave served as today's momentum reference, these dozens of seconds 1-minute 100m volumes still weren't the final one.. (Figure 2) This final one is 12 seconds 180m - it's a relatively 2-3x faster rate and more intense insertion compared to before, so re-entered at 71.1k.... (Figure 3) By normal operation standards, today's one-way should only do these 2 trades to follow the conventional playbook. After the first SFP got broken into a real breakout, took a loss on one wave, identified the one-way trend.. Once the one-way starts, don't enter until near exhaustion.. Until this 12 second 180m appears... then enter.. So why not follow the trend on the downside? Today I really couldn't see this down wave being able to run that far.. otherwise the first wave wouldn't have waited hard for him to finish eating those futures orders before taking the loss..
The last entry at 71.1k with this model was decent.
Took TP on half and watched Powell's speech...
Let me review today...
It was really that futures order hangup that disrupted the normal rhythm..
To summarize:
Normally it should still be that 72.8k when there was a regular EU session volume expansion entry model+SFP. After I executed this entry, when this SFP broke down on the second test and came back down, I should have let it go.. (if it comes down further, false breakout becomes real breakout)
(Result happened to be right in the futures order range, so I didn't let go this time)
(Figure 1)
Then during the gradual decline, there were N occurrences of dozens of seconds 100m volume, kept appearing but no entry..
Because the first wave served as today's momentum reference, these dozens of seconds 1-minute 100m volumes still weren't the final one..
(Figure 2)
This final one is 12 seconds 180m - it's a relatively 2-3x faster rate and more intense insertion compared to before, so re-entered at 71.1k....
(Figure 3)
By normal operation standards, today's one-way should only do these 2 trades to follow the conventional playbook. After the first SFP got broken into a real breakout, took a loss on one wave, identified the one-way trend..
Once the one-way starts, don't enter until near exhaustion..
Until this 12 second 180m appears... then enter..
So why not follow the trend on the downside? Today I really couldn't see this down wave being able to run that far.. otherwise the first wave wouldn't have waited hard for him to finish eating those futures orders before taking the loss..