Reversal · CISD · A+ / A+
November 2 — Missed The Move? Wait For The Next One.
The lesson today: just because you miss one move, don't chase it. Wait for the next one. My first long off the sweep of the Asia lows went to breakeven, and price ran without me. I didn't FOMO into the longs. I waited, and the next setup was the short off the equal highs and data highs. Net +3R.
WIN · +3RReversalCISD2 Trades · BE + 3RA+ / A+
Would You Have Taken It?
I didn't take this long after my breakeven. I think it was valid. Would you have taken it?
✓
Clear draw — Clear DOL above at the premarket high
✓
Liquidity taken — The lows were swept and LRL was generated into them
✓
Confirmation — Inverse FVG, and price respected it
✓
SMT — SMT with ES at the low
Valid setup, not taken. That's fine. The point is not to chase it after it left.
Trade 1 — Long Off The Asia Lows (BE)
Reversal · sweep of the Asia lows · CISD entry · A+
Price swept the Asia lows, then gave a CISD for the long entry, with the target at the highs above. It went to breakeven before the real move came. Price swept lower one more time first, then ran straight through my target without me.
The Long I Didn't Take
LRL generated · inverse FVG and respect · clear DOL above
After the breakeven, the lows got swept again with LRL generated, then price inverted the FVG and respected it, with a clear DOL above. I think this was a valid long. I didn't take it, and a lot of traders who got stopped earlier probably chased this move. I let it go and waited for the next one.
Trade 2 — Short Off The Highs (+3R)
Reversal · sweep of EQHs / data highs · 15m bearish FVG · CISD entry · A+
The long ran into the equal highs and data highs and swept them, the higher timeframe draw. The shorts were rejecting from a 15m bearish FVG, with SMT against ES. I entered on the CISD, looking for a rebalance of the range. First trim at the 15min gap in the OTE, second trim at the rejection of the OTE to the tick. +3R.
The Takeaway
Miss one move? Wait on the next.
I missed the longs because my first trade went to breakeven, and I know a lot of traders did too. The mistake is FOMO chasing the move that already left. Just because you miss one move, make sure you wait on the other. The market always gives another setup.
Your Turn
The long I didn't take: would you have taken it, or passed?
Answer in the Oraxis Discord. I reply to every one.
The Grade
Win · +3R
Both trades A+
Both trades A+
Net+3R
Trade 1BE
Trade 2+3R
GradesA+ / A+
ModelReversal
EntryCISD
Why Post Every Day
Wins, breakevens, and the days I sit on my hands all get posted. The record only means something if it's complete. No hype, just process.