Dow Jones Down Week Wednesday Sell Idea

5 thg 6, 2024

I am looking at a down weekly candle/template or perhaps a bearish doji weekly candle.

I set my limit sell on that wick above the 09:45 EST 15 min candle with a 50 tick stop and a 150 tick target for a 3:1

I am not interested in the middle of the range as that is where price is bouncing from

I see ramped volume on Tuesday with the low of Tuesday suspended above 2024 yearly open price and the peak formation low.

5 thg 6, 2024

Ghi chú

5 thg 6, 2024

Ghi chú

Price is almost to my limit sell. Come to Papi.

5 thg 6, 2024

Giao dịch đang hoạt động

Patience pays off, got my entry where I wanted it.

Entry 38,837
Stop 38,887
Target 38,662

50 tick stop
175 tick target
3.5 risk reward

5 thg 6, 2024

Giao dịch đang hoạt động

Trade is not behaving as expected, it seems to be a losing trade.

5 thg 6, 2024

Giao dịch được đóng thủ công

Took a small loss on the short position as I was wrong. Took a -0.75R loss so not a full 1R loss. Reversed my position to bullish as this is what the market is showing me.

Entry off of the 4 hour bull 180 close

entry
38,870

stop
38,820

target
39,021



I have no problem admitting I am wrong, as I am quite often. As long as I stick to my 3:1 then over the long term I will be profitable