Andy's Question - First "Would EL Take this Trade"

This was the first submitter of a chart so I thought I'd answer it today to start Kiki's idea off so you know what to expect.

Andy asked: " The first trade I took was a pull back to the top of the VAH and the MA. The risk I saw live was we 1 ticked the IB and trend was a little long in the tooth. Waiting for a second entry would have saved me a stop but I still think it was a good trade... am I wrong ... did I miss something? The second trade was perfect........

Here is the chart. It looks like Ninjatrader. I don't know which datafeed Andy uses.

 

Trade 1 was not a trade I would even consider. The only plus is that its near the 33EMA. Otherwise, the order flow had turned to selling - VB had a row of reds and the CVD had peaked and turned down. Additionally, the momentum had turned down on both the 45 and 6 CCI. The bar where Andy marked as a stop was a good entry for the short. When price was near the VAH, the idea was to evaluate what was going on there. The VAH line is only a line on a chart and is an alert to pay attention. 

I want as much as possible in my favour for getting to my first scale. Compare your first trade with the second which was indeed perfect, using the above criteria.

It all comes in time if you focus on processing what you see is happening.