Good question today in CB room, so here we go....

It was around 3:30 when a trader friend in CB room asked about the setup bar for a short. CB had pointed out that we had timing on the 15m time frame for the end of this bullish swing. The 3 minute bullish symmetry had been broken and at 3:24pm or so she had posted that there was indeed some bearish symmetry sitting at 725.30 for us to consider a short. So then we drop down onto our own charts and look for a short setup......and there is was.....


A 50 CCI ZLR setting up for a short, so he was asking about the trigger. We would take a short at 724.10 right if it took out the low of the setup bar without taking out the high....and the answer is correct....BUT

I have three types of trading, first/third bar, the ideal setup and scapler. So let's take a closer look at this trade was we did in the chat room today. First is CBs work....and she did have timing on the next higher time frame and bullish symmetry had been broken and we had bearish symmetry......so we could consider a short. BUT, it is not the first/third bar and it wasn't an ideal setup because the secret sauce was green, and on the chart at point "B" the stoch was at the bottom instead of being overbought.....so we had two strikes again it.

That means we would have to consider this symmetry setup as a scalp, and would have to manage it as a scalp......so when the price confirmed the short by taking out the 724.10 we would drop down to the 70 tick chart and watch the stoch there. When it gets to oversold (Point "C") we would have to manage the trade by taking half off and moving to BE ASAP......I know we got stopped out as the market went to retest the high of the day....but to me, as long as I have an idea of what type of trade I am considering then I can manage it instead of taking on the stress of hope.....