Success! Broke the losing streak
Followed my trade plan and exited for ~3.7RR (80pts) on the following NQ Short this morning. I was watching for a short entry near the combination of 1hr supply and daily highs. I was watching for entry using a 15s Superman or a 1min imbalance. The entry using a 1min imbalance filled. My SL was maybe a little risky since it didn't cover highs, although the 1min imbalance entry style is something I've back tested for NQ. I was OK with this risk, and I was confident in the entry given the strong reaction of the 10:13am 1min candle. I could have potentially kept a larger PT, but this was a 1 contract position (given my risk management), and I thought there could be a pretty good likelihood of seeing a bounce below the 10:14am 1min bottom tip and lower into used 1hr demand...so I thought it make more sense to lock in profits where I did, and to regroup for the next trade (which won't be today). I'm done for the day but will back test today's price action after market close. While I'm still red on the week (5L, 1W), it's not a horrible week in terms of P/L since I've respected my risk management - this is something I recall from one of Kyle's videos. Entry: 10:17am, 20072.00 Exit: 10:22am, 19992.00