A bearish day — five reprice trades

Trade 1 — The Planning

The market today was clearly bearish , asia created lower lows and the same was followed by london price action i was planning the same for new york (range reprice then short )

1 Hour chart

was bearish as i mentioned but 8 am had no top wick so i wanted 9 am to make the top wick then i wanted to short till those external lows

15 Minute chart

as i said there were a few area for reprice weekly open 8sm candle with no top wick

5 Minute chart

The Entry

1 Minute chart

This is what happened before 9:30 price made the top wick and almost repriced the range

As i mentioned i was looking for reprice and short

we got reprice on 15 M chart

rejection from a 5M ob + fvg

and a pullback on 1M current leg

we entered on 15 sec after a small pullback on 1m chart

plus we had a low as a draw , clean trade straight to TP

Trade 2

Continuation Trade

another short , took first trade till internal lows , pullback then again a short till external lows

9:30 open took out internal lows , this is the time you expect a small pullback .

External draws don't get taken out instantly if they do i look for against the trend reprice trades

I left this trade for more than 20 points , as the volatility was good and i was confident with my direction

Trade 3

This was a bit of a risky trade but we took the external lows but failed to take out the internal highs, i wanted to see a rejection out of this huge 1M fvg, but i couldn’t take it directly so i had to look for an ob there was a 15 sec ob inside the fvg though

1M chart

15 sec

we got instant rejection from that 15 sec ob

Trade 4

we took a reprice short after we got a huge move upwards on 10 am , for rejection i was again looking for an ob inside a fvg , after external low sweep 10 am reversal began and pushed towards internal highs , and there was an 5M ob just above that high i was looking at it for rejection

5M chart

15 sec

Yes , bias was longs now but i was expecting a pullback after this internal high sweep and i tapped an 5m ob too the rejection from that was a good sign for pullback as the new leg was unbalanced

Trade 5

after that internal high sweep i was expecting a pullback it did happen and we got a clean rejection from the lower 5M ob

this was a super risky short because now i was taking against the trend trade , but just because it was failing to sweep the highs and was now expecting a range reprice (lower 5M fvg tap)

took this trade on 30 sec after the momentum started

Risk Management

Risk managemaent is always the same

i risk 400-800$ per trade idea , as we took a loss yesterday and the day before and was not looking to take against the trend trades and even early trades without a reprice

This is my fib settings and i look for reprice till 50% or OTE

Conclusion

First i took directional shorts till external draws after each reprice , only after recovering yesterdays loss i took against the trend trades looking for a range rebalance

And as usual thanks for all your guys support and i hope this breakdown helped - ask your doubts in my DM i try to reply them all

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