This trade was a winner - 1R.
What I did well.
1. I took the trade.
2. I honored the long term trend (daily trend was clearly down)
4. I entered on a strong pull back
5. Confirmed entry with a bearish candle and entered an a break of that candle.
What I could have done better:
I have just back tested 169 entries with this method and there was no need to look at the daily trend. This trade was a daily/4hr hybrid. It worked out because the principle of entering on pull backs works. Ideally I should not have taken this trade as it was not an A trade.
What I did well.
1. I took the trade.
2. I honored the long term trend (daily trend was clearly down)
4. I entered on a strong pull back
5. Confirmed entry with a bearish candle and entered an a break of that candle.
What I could have done better:
I have just back tested 169 entries with this method and there was no need to look at the daily trend. This trade was a daily/4hr hybrid. It worked out because the principle of entering on pull backs works. Ideally I should not have taken this trade as it was not an A trade.