Bit unfortunate today, could've had such a great trade...
Everything about the trade and why it could've been so good is explained on the chart, it is pretty simple actually. What made me a bit nervous was that the opening range was tilted to the downside. I don't really like trading in the direction of the range, I would've been way more confident in a bullish breakout. But I do gotta say that it's not the first time that an opening range breakout in the direction of the tilt played out really well. It probably doesn't matter anyway. Again, momentum > structure.
Overall we got a really solid chop afterwards. Still working on a strategy that revolves around it.
I won't trade the opening tomorrow, but I will keep an eye on the price action afterwards.
Everything about the trade and why it could've been so good is explained on the chart, it is pretty simple actually. What made me a bit nervous was that the opening range was tilted to the downside. I don't really like trading in the direction of the range, I would've been way more confident in a bullish breakout. But I do gotta say that it's not the first time that an opening range breakout in the direction of the tilt played out really well. It probably doesn't matter anyway. Again, momentum > structure.
Overall we got a really solid chop afterwards. Still working on a strategy that revolves around it.
I won't trade the opening tomorrow, but I will keep an eye on the price action afterwards.
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