Chasing bunnies.
Quick start to the open with the first decision within the first minute. Prior to open price had broken lower, the open however saw price break higher, this BO up was equidistant (roughly) to the BO lower, I did not take the ret long as this seemed rangy, I opted to take a long if price broke higher.
Had to wait 2 minutes before price broke higher, however, I hesitated on the first ret as the ONH was close by, but, if price was going to ret back to 4440 this could be the place to get long. Also worth pointing out I was aware I was swimming against the current from the weekly and dailies and planned to flip on any weakness.
Long was 40 seconds late and about 6 ticks off from ideal, within a minute price broke stride, tracked for a lower high and aimed to flip to short should the short trigger (Location = ONH - Behaviour = Stride break & LH) the marker is off a couple of bars. Hadn't edited the quantity so instead of flipping I was flat (did not notice immediately) and had to look for another LH which came a couple minutes later.
Short experienced a little recoil but the DP was high and dry, price eventually started heading lower, there was a little recoil at 4400 but the SL held and PA takes us to new lows.
Price starts recoiling which is not a big deal, it breaks stride which is still nothing to be concerned with as I expected it to do so with it passing the ONL, now I make some mistakes which has a lot to do with the TF I'm using.
Everything had been done on a 10 second chart, when price dropped off I switched to 30s, there was a break of stride which was more than 3 points but the ONL/PM range LL + break rule was my line in the sand, but, I then switched lower back to 10s and saw a potential HL form and tracked for a possible long (2 trades per day ATM) so I would have flatted out.
Whilst I think the exit is sound given the TF I was looking at (SL break + HL), I had lost contact with context and micromanaged my way out of a sound trade. Once price is under way I tend to switch up to a 1m or 5m to manage, the 1 minute paints a different picture and the range break test was intact.
To put it simply, I expected trouble (ONL and the round number at 4400) and I dropped to a time frame where I would find it.