Friday, October 16, 2026

MRVL stock | 5 min chart | Lesson: $1142 loss taught me a lesson - How to design a trade to make a high successful one?

Lessons learned: 







Buy and Sell - First long trade
  1. Replay 5 min chart
  2. Buy signal - Should wait order block 5 min chart showing up first
  3. Should wait to see first big uptrend moment bar 
  4. Buy at the bottom of next downtrend shorted red bar - Mark buy signal using green color
  5. Sell at the candle bar showing peaked - after 3 uptrend bars including in-between resting small red bars - bar 9, 11, 13, 14


Replay 5 min chart 

The above 5 min chart 

  1. Bar count 1 to 6, 5 red bars, one green bar but very tiny
  2. Bar count 7, first green bar - strong uptrend momentum - height is bigger than all others - No 1 to No 6, bar No. 7's body height is bigger than No. 5 and No. 6 together; Strong uptrend momentum;
  3. Get ready to purchase MRVL stock - Wait retracement - No. 8 small red bar - buy the lowest price as possible
  4. Smart money concept - Order block will not show up until later - but it can easily tell that bar count 12 showed up, but order block not showed up yet

Notes: 
  1. Bar count No. 14 - FVG - big gap - strong uptrend momentum
  2. Bar count 15 - red cross - Should consider sell - 250 share x price gap 
  3. Price of bar count No. 15 is far above WVAP price - fair price 
  4. Previous peak range activitiy range above $237.42/ share - Resistance level 


Use tradingview measurement tool to measure the trade start price to end price, bar count - 7 bars

  1. Count three green uptrend bars, take profit. 
  2. Be cautious! It is rebound but the trend is still downtrend, MRVL stock may fall more during middle day session


Trade position and profit

  1. 250 shares x price gap-up $4.44/ share, in total, the profit can be $1000 US dollars in maximum, depending on the purchase price - timing the bottom of red bar next to strong momentum bar - green bar No. 7

Key notes:


  1. No. 17 and No 19  - big momentum red bars - Should take profit before No. 17
  2. No 16, No 17 - Usually try to take profit once No. 15 is FVG bar, try to take profit at the peak of bar No. 15
  3. Why SMC concept shows order block so late - Bar count No. 19 red downtrend bar, order block not showed up yet
  4. Order block showed up after bar count No. 20


5 min chart - SMC concept - Order block 

Action 
  1. Need to find an indicator to show order block as early as possible, right now, order block shows up too late, which does not help me to make purchase decision
  2. More ideas?

I searched Google AI, and then Google AI generated script, I published on tradingview.com a new indicator

https://www.tradingview.com/script/pB5viWWL-Uptrend-Body-Engulfing-Two-Downtrends/
https://www.tradingview.com/script/aYV9qUP2-Uptrend-Body-Engulfing-Two-Downtrends/

All my indicators are available on the second link - I tried to keep secret, but only first 15 minutes time window for edit or delete. 



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