This was the type of day, when one wrong step catalyze more wrong steps. From yday assessment of more factors pointing downside break , made me blind to see what market actually doing in present time. When i see at this time, i feel i was hypnotized by market action and doing every thing which master orders slave to do.
I will detail little about first looser trade, its specific to the kind of entry bars i look for. This post trade analysis is nothing to do with any other aspect of context rather it is to not-repeat as it was poor execution. Bar type 1 ( 2-3 little bars ) and 2 are correct entry bar ( there are other some different type, will explain if they encounter in future ) from my approach. I am emphasizing more on entry type bar, cause structure unfolding post entry is decisive for stop and judgment to hold or scratch. If entry is not on optimum bar then assessment of stop/scratch will naturally go out of sense. Bar 3 was such bar which is not an entry type bar. What it costed me - only a delayed structure unfolding leading to large stop. Even if my entry was on bar 2 which is even lower from perspective of Short trade, but for that, bar 3 would have become clear signal of being wrong trade , costing lower stop. But i was hypnotized.
After first looser, i wake up to some extent , and realized its not going to break rather still rotating and i have to position my trade near extreme for fade. Second short was hesitated short , LTZ seems me biggest enemy to me , just popping up prices whenever it reach there. Closed the day after that, just felt i was loosing focus and energy both.
