Looking for a critique of this trade please

#1

Hi Can any critique this trade please heres my cHart and thinking behind it

#2

A few things. The smaller P/E are some times referred to as failed Ps or Es. It just means the market reversed before all of the conditions for a good P/E were met. You can read more about the APEX pattern in the forum Here . If that doesn’t help, ask and we’ll see what needs to be clarified.

The cluster is just a heads up alerting you that something bigger is happening. The market may reverse or may continue the same direction.

A big clue that it was maybe not going down to far was VAD A. Take some time and go back over the training videos, Especially the ones on Power Plays and VAD.

Other may see more things.

Kudos for posting your chart and asking for help.

#3

I also would suggest not taking shorts above the Red Power Line.

#4

thank you very much

#5

great reply thank you

#6

Couple of things…

It was headed right towards a major level (Settlement perhaps?) And you can generally expect some type of chop or even a reversal (as happened in this case) If it was a Nadex trade… even 10 ticks could be a little hard to get.

Also VAD E is still showing buy. I find I am generally more likely to win the trade when I trade in the direction if VAD E