by Tilley | May 24, 2023 | Trade Reviews, Trading
Today, in a word: oof. The day began with me eyeballing the Sunday night low of 4186.50: Here’s the breakdown: Low: 4186.50 Low of Undercut: 4186 Entry trigger: 4192 First target: 4205 Second target: 4217 Stop Loss: 4184.25 Factors in favor: RSI reset clipped...
by Tilley | May 19, 2023 | Trade Reviews, Trading
Took a trade from the 16th into the 17th — an OVERNIGHT trade! *le gasp* Here’s the breakdown: Low: 4120.50 Low of Undercut: 4120 Entry trigger: 4126.50 First target: 4134 Second target: 4148 Stop Loss: 4118 (then moved up to trailing stop) Factors in...
by Tilley | May 16, 2023 | Trade Reviews, Trading
Took one FBD trade today: Low: 4126.50 Low of Undercut: 4123 Entry trigger: 4134 First target: 4147 Second target: 4156 Stop Loss: 4121 (then moved up to 4128, then trailing stop) NOTE: When trading, I’m usually on either the 30 min or 1 hr chart, and I sometimes use...
by Tilley | May 15, 2023 | Trade Reviews, Trading
As of May 12, 2023: 6 FBD trades down, 94 to go! Well, probably more like 5 FBDs…the one I took today I am not so sure would qualify as a true FBD setup now that I’ve pondered it a bit more. So we’ll say officially: FIVE down, 95 to go! I’m not...
by Tilley | May 11, 2023 | Rules, Trading
Adam Mancini’s core setup is the Fake Breakdown (FBD), also known as the 2B Pattern as analyzed by Victor Sperandeo (Trader Vic). <– The link explains the setup in depth so I won’t rehash too much, but below is the general gist of the pattern: Key...
