30-12-2022
Playbook
Big picture
Market was ranging in 33461 to 32800 early moring price was showing
momentum weakness from prior day resistance
Trade
R2ENTER :Price went below asian low and tested near vwap i took a short entry there
R2EXIT : price was showing signs of weakness in my direction i was not confident on the trade anymore so i exited my
position.
Review
In early morning i saw signs of weakness in the upside rally which took place yesterday price was
already ranging during the week then price started going down making lower highs and broke
asian range approaching new york open i took a sell when price rejected near vwap and was
trading below asian low i exited my trade in profit and didn’t hold it to the key level which was
my initial plan reason being the downside trend was choppy and i wasn’t confident on my trade
any more.
Key points :
1- there was no technical reason to exit other than choppiness i think i made a okay decision
which went in my favour.