-1.25 ES (8 trades 5 losses, 3 wins) Went beyond the rules of three loosing trades
If not for the two last trades, it would have been -6pts loss day.
I did not stick to my rules of 3 loosing trades. and I got stuck trading in the ranging marking, making trades unrelated to the market condition.
T1- T2: -1.25 & -1.25 Definitely should not have traded these, macd was showing weakness and mini divergence
T3: +.50 was a revenge trade since first two did not work out. Was hoping that reversed direction from T1,2 wil lwork out for T3, but it was a reverse area and I got ought at the bottom
T4: -1.25 Direction was correct, SL was to close and got hit.
T5 -1.25 I immediately went short thinking its a continuation since T4 did not work out, and was wrong.
T6 -1.25 Continued shorting, did realize i was on the wrong side, and I made immediate reverse trade T7 which was +1.75 and could have been easy +3
Waited for reversal confirmation from EMAs and made a short T8 in good area, market went down 8pts easy, but I was only able to grab +2.75