Practice Trading One · The Freedom Formula

Practice Trading One

I am starting to practice trading. First trade I won, then lost three in a row so I want to make sure I am setting things up correctly. I will post the second trade separately.

In this first one, looking at the one hour timeframe (attached) after review plans for the day and setting overnight low and creating new bearish value gap, we started day in a previous day four hour and 1 hour plan area. Dropped into one minute timeframe and waited for a strong structure shift and value gap.

Marked value gap, which was below the 50% threshold and created entry with tight stop loss at the base of the first candle in the value gap sequence...lost the trade.

Did I set this up correctly? Should have I waited for a better premium value gap? Thanks for your feedback.

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Practice Trading One