IT40index (IT40CASH) - potential double top on 1 hour chart

19 Ağu

All my variables lined up for entry.

Before I enter any trade, I predefine and fully accept my risk. That way, if the trade is a loser, there’s no emotional pain—just probability playing out. Over the long run, my edge means more wins than losses.

Key Details
📊 Risk/Reward: 4.6
🎯 Entry: 42 910
🛑 Stop Loss: 43 072.4
💰 Take Profit 1 (50%): 42 230
💰 Take Profit 2 (50%): 42 012

Stop loss is set. Now it’s time to sit on my hands and let the market do its thing.

💡 #GTradingMethod Tip: The hardest part of trading is often doing nothing. Trust your process, not your emotions.

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Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.

19 Ağu

İşlem aktif

Short opened and stop loss placed.

Hopefully I can bank some cash on this trade!

19 Ağu

İşlem elle kapatılmış

It might still be a double top for some people.
However, according to the GTradingMethod, price has lingered for too long in the entry range and therefore I have closed my position.

Took a very small loss, basically broke even on this trade.