Lessons learned:
Buy and Sell - First long trade
- Replay 5 min chart
- Buy signal - Should wait order block 5 min chart showing up first
- Should wait to see first big uptrend moment bar
- Buy at the bottom of next downtrend shorted red bar - Mark buy signal using green color
- Sell at the candle bar showing peaked - after 3 uptrend bars including in-between resting small red bars - bar 9, 11, 13, 14
- Bar count 1 to 6, 5 red bars, one green bar but very tiny
- 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;
- Get ready to purchase MRVL stock - Wait retracement - No. 8 small red bar - buy the lowest price as possible
- 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:
- Bar count No. 14 - FVG - big gap - strong uptrend momentum
- Bar count 15 - red cross - Should consider sell - 250 share x price gap
- Price of bar count No. 15 is far above WVAP price - fair price
- 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
- Count three green uptrend bars, take profit.
- Be cautious! It is rebound but the trend is still downtrend, MRVL stock may fall more during middle day session
Trade position and profit
- 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:
- No. 17 and No 19 - big momentum red bars - Should take profit before No. 17
- 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
- Why SMC concept shows order block so late - Bar count No. 19 red downtrend bar, order block not showed up yet
- Order block showed up after bar count No. 20
Action
- 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
- 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.

















































