No Trade · Tuesday
October 20 — Rip, No Pullback, No Trade.
The lesson today: direction being obvious is never the same as an entry being available. Price took the low and ripped nearly 500 points with no pullback. There was never a dip to enter, so I didn't take a trade.
NO TRADENo Dip, No Trade
The Rip — No Dip To Enter
No trade · nothing to enter
Price swept the low and went straight up. No pullback means no entry. Chasing a move that has already left is not my model. My model enters on the reaction to the sweep, and by the time that reaction was obvious, the move was already running.
The Takeaway
No dip, no trade.
Passing is part of the plan. A big move I didn't take is not a miss. It's a day where the entry was never available, and I didn't invent one.
Your Turn
Price rips 500 points with no pullback. Do you chase it or pass?
Answer in the Oraxis Discord. I reply to every one.
The Grade
No Trade
No dip, no trade
No dip, no trade
ResultNo trade
Why no entryNo pullback
Trades0
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.