Trend Analysis & Price Action:
Primary trend: Expansion zone.
Price action: Long on bullish price action.
2/2, Traded against the primary trend.
Multiple Time Frame Analysis:
Gap down on the daily into parabolic selling for the day.
long on hourly uptrend, 15 min uptrend and 5 min uptrend.
1/1.
Confluence Analysis (Not 100% necessary, but good to have!):
We did not realize how much counter confluence there actually was against us.
We didn't even bother to look at hourly SUPPORT and RESISTANCE levels.
0/1.
Thought Process:
2R AON Trade approach.
Long on the breach of hourly high.
Stop-loss @ 5.50 was improper.
You're supposed to enter off of a significant location item and set a STOP-LOSS at a significant location item.
0/1.
Trade Score (out of 5):
3/5
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-04-13 13:44:21 | SABR | buy | $5.710 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | long |
2020-04-13 14:36:16 | SABR | sell | $5.500 | 0 |
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