Day 5Monday 6 July

Why I took it. Counter-trend again, but this time the careful version, because the last two counters cost me. The 1-hour was bullish but we had just taken out a recent 1-hour high into a higher-timeframe 0.618, exactly where I look for a rejection to start. I waited for the 5-minute break of structure this time, then marked the 2-minute range that built after it. Price retraced up the 5-minute break leg into the 0.786, pushed through the 2-minute range value area high, and filled the final 5-minute fair value gap sitting just above it. That stack is my entry: short at the VAH, stop above the 5-minute swing at 63,990, target the 2-minute range value area low just past the 0.618.

How it played out. It dug about half an R against me, then rolled over and paid the full plan: target filled at 63,505 for +1.57R net. The move kept going to about 2.5R after I was out, so I left some on the table, but I took what I planned. Readiness was 91, the session graded A on process, one planned trade and zero impulse entries. The difference between this counter and the two that stopped me out is the confirmation: I waited for the 5-minute break instead of front-running it, and the confluence did the rest. Size was $38.59, still drifting above the 5%, which is the next thing to tighten.