DislikedThanks for the feedback Vee. Here is what the 5 min chart looked like when I was trading. We were just coming from a 4 Hr Pin Bar right from resistance. We just had a 1 hr engulf bar. There was strong momentum south. It is unfortunate that we ended up making a higher low and that was the end of my stacking for the day. The price did however break the flag on the 4 hr after I went to bed but it bounced back up again which made me attempt once more that went +35 pips before BE.
My hindsight for the first 4 trades was 1hr and for the 5th was 4 hr....Ignored
"What is your goal from those entries?" - Look at the monthly chart... it is obvious I am trying to get on the uptrend that began a few months with a reversal pinbar. Last breakout from 200EMA reaped 10,000 pips, the next bounce from 200EMA in the future is about 6000 pips away.
"When you say locked in you mean Floating profit with all at BE right?" - I meant to trap the price as I have bidirectional interests in mind. If this is just a fake reversal and downward trend continues, then I would have some sells at the top of daily wicks. Just checked and my sell positions are taken out. So, I am still long at this point. This week, I was trying to implement "traping the price when price makes a new high/low". It will touch/bounce the high of last month which is where I plan to send another short probe. One or two more attempts for me this week before I move to the next pair :-
EDIT: Price broke upwards of October high.. will be placing a short soon.
Staying in my lane...