Day 1Wednesday 1 July

Why I took it. We had put in a one-hour bullish leg, so I waited for a retrace beyond the 0.618. Price pushed past it but stopped short of the 0.786, and it also ran through the range-high point of control, so I couldn't lean on either of those holding it. Higher up, ETH had no clean level I trusted, so I let a 5-minute range build and waited for the break of structure back to the upside. That gave me the 1-hour bullish and the 5-minute bullish, both pointing the same way. I marked a 1-minute range inside it, pulled the Fibs off the 5-minute break, and entered at the 1-minute range point of control sitting on the 0.618 local. Target was the 1-hour range value area high.

How it played out. The 5-minute range value area low held the entry clean, price only dug about 0.2R against me before it went. I banked the base hit at the 1-hour value area high for 2.62R. It kept running to around 1,615 after I was out, so roughly 8R was there if I had held the runner, but the plan was the VAH and I took the plan. Readiness was low going in, 33 out of 100, I was frustrated, and this is exactly the kind of day it usually goes wrong. Instead I held to every rule and mantra and let the setup do the work.