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Not something I recommend. It is related to some issues I am working through.
I know that particular setup, everything else was at support, volume came in, I got the 6-range reversal, I took the entry at the dominant T3 and the Primary DC, I accepted my financial risk... but more leverage than I would say is appropriate. But, a trade I have taken hundreds of times.
The only part I am really proud of is that I held it for the break above the prior.
Before I get out of the house, which I am going to do, I want to try to get this out while it is fresh.
That was a "revenge" trade, but not like it sounds. I am angry with myself for being more afraid than I should most of the time. I am upset with myself for all the trades I have taken lately and did not hold to their target. I am disappointed that I do not trust myself. And I have felt like I trade like a girl...
A $6k loss will not kill me, I know that trade, and yes it is incredibly countertrend, but that is what makes it work, when it does.
The money is embarrasing, way out of my league right now. The size is out of my trading plan, way out. I think my frustration combined wiht some visualization I did all weekend took over for a few minutes. In a "zone", of sorts. A danger zone.
But, broke some of my rules and not very happy with that.
However, dropping trades early also breaks my rules. Not believing in myself also break rules.
Still pumped with adrenaline, metallic tatse in my mouth, trembling slighty still if I really pay attention, some resistance was challenged today and it worked, but that was luck. The hope is, the next 6 contract trade I take is nothing.
EDIT: Not sure it is worth it. My frustration is really clouding my judgement.
@researcher247, I am looking at 6E for a cycle you mentioned, but not really finding it. The depth of the gap fill was greater than I would have anticipated, but the market seems to have stopped dead in it's tracks at the local 786. Just curious your thoughts when you are around.
Crude acts as if it is determined to complete the higher W5, and ES has also fallen and cannot get up...but the euro just sits there... Since I really do not know that market well I have no thoughts other than just being aware of it, and finding it peculiar.