Bar By Bar Analysis - Range with a Losing Trade

Range day with strong selling around lunch time! Showing a loser that I had.
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DISCLAIMER
All information is given for educational purposes and is not intended to be treated as financial, investment, tax, or other advice. TPT does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

[theukfuturestrader.]

I think we all took the loser mate! 😅 Tough day! I really need to learn to stay out when prices are too choppy. Thanks for showing your loss bud! I thought you were a robot, now I know your human liken the rest of us 😂 Have a great weekend pal!

[BitcoinGod]

Love your attitude when showing your losing trades! Keep up the bar by bar analysis!

[jayjay-brxv]

I have taken the 3rd trade you took and for not noticing the overshoot, I learnt the same lesson. Thank you for your wonderful video and looking forward to your videos. Appreciate what you do.

[atrading]

I was super nitty (by the poker definition) today and ended up not taking any of the trades. Recently I've been coming up with a reason not to take basically every good trade. I guess that's better than bargaining and trying to come up with a reason to take a bad trade.

5:22 I avoided this trade because of how flat the EMA was and it kind of looked like congestion to me. No real valid uptrend channel to work off. Really strange elevator up with a couple steps down on each bull bar.

9:50 I avoided this trade for many of the same reasons I avoided the first. EMA is flattening out and the channel is iffy again. Signal bar is closing right in the middle of the sideways channel at the midline. The move up looks more like one leg since the first attempt lower was really just a single tick lower. Not gonna get hit by this trap again.
17:12 I avoided this trade because of the signal bar close at the previous support. Signal bar is high risk.
19:07 F2EL I avoided this trade because of the distance below the EMA and the signal bar closing at possible support. It's also in the middle of a potential channel or a second leg has already played out.
19:44 I avoided this lower high because I wanted to see the retest of the EMA and the signal bar closed near the lows. This was one of the better ones when you draw the wider channel this was a first break looking for a retest and a strong bear leg down after breaking the range. I should've ignored the failure to retest the EMA in this situation because it's extremely bearish. The signal bar was sufficiently bearish, but this one took off and was impossible to enter anyway.
21:36 Second entry here that takes off but the signal bar is an inside bar with no body. It also took off and was impossible to enter with a limit if you wanted to.

[horizonsc]

Thanks, Marco. I really appreciate you being honest about that 2ES loser. I took the same trade and it helps to hear you talk about it. Thanks again!

[johnys]

Thanks for showing the losing trade, I also got tripped up there.

[craconia]

I'm honored to have taken the same 2ES as you! Thanks for the excellent BBB !

[marshkid]

Glad I saw the overshoot. The 2 legged pullback definitely looked clean though.

[El_Jaco]

The AI Robot is pretending to take a loss; don't be fooled, these things are getting smarter!

j/k, thanks for the BxB, always great!

[caleblee]

that losing trade looked very tempting, but I didn't take it because it was right at the mid-line of the range

[SantyM.]

I took that same 2ES, thanks for the bar by bar Marco!

[thomaspayne]

This is why I should remember to always check if there's a gap on the daily chart. A strong move lower was entirely predictable, and I would have felt more confident taking shorts later in the day if I had checked if there's a gap before hand. We live and learn!

[ktanner]

@1:45 you start talking about being aware of the EMA with the lower high but if this is a range day and a range trade shouldn't we be ignoring the EMA?

[Surfgarage]

Marco you taught us to never take a trade in the middle of the range, where is that skull and cross bones gif you posted many times? We all make mistakes especially me, things we know better not to do but prices are moving fast and our minds get tired at the end of the week. Youre still my hero keep of the good videos

[auchlowtrus]

I took that loser too. For me it's always a crapshoot whether to consider it a 2 tier or overshoot. The midline fit there so a 2 tier seemed plausible. Oh well : )

[nabilettalbi]

THNKS. plz how can i chnage color backraound just for openining session new york

[BernadetteAd]

Marco, how do you get the chart background to change shaded color once the US market opens?🤔 Is this an easy task for NinjaTrader, or do I need a specific indicator for this? Thanks for all you do for us.! 🤗

[jaymichael]

Thanks Marco... first time watching your Chanell. Your first trade was a F2EL. I didn't understand how you marked it a F2EL. Doesn't it have to invalidate the previous green bar for it to be considered a F2EL? Noob here.