Traffic Filtering not working as expected

Hi,

Just wondering if someone can see something wrong with this:

vm with a public ip herein known is ip1

vm is in a portgroup with traffic filtering enabled

created the following rules in this order:

ingress allow any

egress allow ip1

egress drop any

I can not communicate with this vm from an outside machine.

If i remove the last rule, i can communicate fine.

Am I missing something?

Thank You