donderdag 19 januari 2023

Backtest Review 01 - 50

1

Good trade

2

Range broke out, 3 drive within 3 drive hitting previous structure point

3

With ranges you want to sell as close to the higher area as possible and vice versa for the low area, you do not want to trade around the mid lvl within a range.

4

The market taken out the liquidity of the wick but then closed above the wick, this is a pattern which is called failure to close short FTC and it has a higher probability to be a liquidity grab, downward impulse is dead in momentum so not giving a clear

5

The market taken out the liquidity of the wick but then closed above the wick, this is a pattern which is called failure to close short FTC and it has a higher probability to be a liquidity grab, downward impulse is dead in momentum so not giving a clear

6

Shorting at 3 drive low and also 3 drive with FTC pattern

7

I dont like when the pullback has bullish structure, generally it is more likely to fail as the market puts in a hl and then continues / start an uptrend

8

BOBBIS are fake during choppy ranges if the market breaks out of the range and then uses the mid lvl as support, this is then also often accumulation, also here we have a 3 spike

9

Use lower level as it has more choppyness and is more fresh/more liquidity due to more choppyness

10

Failure to break the previous high, overall downtrend of the HTF and the market is at a overall PLH on the HTF, 3 drive was put in so go break even

11

V rejection pull back, Hl formed on pullback, previous structure point rejected and hl again put in on pb

12

Good trade

13

Level drawn up wrongly

14

Entry should be at the bearish retest candle

15

I dont like to trade trades if we failed to break the high before, especially if it is a FTC like here, also then we used the previous structure point as resistance

16

HTF 3 Drive was in, obvious trendline was there as well heavily weakened with the touches, trendline B/R of HTF thats why it kept dumping

17

3 drive within 3 drive hitting strong origin to the left so go break even.
After the last high, there was a small range which ended with a evening doji star = nice entry.

18

Failed to break the previous 4h high and then went into range so go exit at break even, dont long into the last 4h high unless it was broken on 4h

19


Good trade

20


Good trade

21

At overall PLH area of the higher timeframe, dont try to long into the resistance level of the previous left shoulder

22

After this bullish closure close at break even as the market confirmed a lq an also it has obvious highs to take above with liquidity void (strong push down) and liquidity range above in red box.

23



Good trade

24



Whenever the market pushes up strongly, makes a non signficant HH but then retest the previous structure point it tends to fail

25



V rejection created, distribution created after v rej, and then we rejected the dis 3 times in a row telling us that we will go down

26



Big wick below which is likely to be filled, especially after that strong symm triangle dis rejection, general S/R level is also wrong so likely to be used as res

27



Dont target that low/high if you do not have any higher time frame opportunities on ist own

28



Good trade idea, target incorrect. Should've targeted the red box. Reason is that there's a lot demand there because of the big wicks and it is also the start of the correction.

29



3 drive leading into QML BOS And dis retest into 618 so go short

30



X, dont like it too mcuh as we made a quite significant lower low

31



Big wicks tend to be filled so dont take this one

32



Good trade

33



QML and failing to break highs before so dont take it, obvious trendline, alot of people longing here

34



Distribution above so wait for the market to pull back into it

35



X, make sure in general to go break even at the dis and then leave it running

36



Good trade

37



Dont trade around the 4 hour highs to the left

38



Good trade

39



Good trade. Also S/R pattern.

40



Triangle did not work because of the V-rejection. The market shifted bearish as we swept highs to left and then created a 3 drive which created a re distribution

41



at overall lh point with heavy choppy untested range below,also at trendline, below/liquidity

42



HTF was at LL LH and correctively pulled back

43



Good trade

44



3 drive filling wick to left and not a definite break

45



Dont go against HTF impulse LH TO LL

46



Longing into range highs

47



Wrong target right idea, target range highs as range is confirmed

48



Good trade

49



Good trade

50



Longing into trendline and also longing int oresistance of 4h, 4h failed to break the low before too