First pullback - At Open, opening bars wicked higher, but couldn’t close or open over 3.03, first pullback @ 10:25am couldn’t even go over 3.03, 7:30 bar opens at 3.02. That 3.03-.02 area would have been ideal entry.
My stop was gonna be 3.01 1st target 2.91, but got spooked after it seemed to make a higher low.
Trade went on to work
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-10 10:32:15 | EXXI | sell | $2.970 | short |
2014-12-10 10:48:04 | EXXI | buy | $2.980 | 0 |
Nape! Now ya tell me :)
Yeah, just got a little spooked by the higher low and thought it was either reversing, or just meander all day.
A better entry would have helped my psychology in this trade.
Haha.. Repetition the more you see this stuff the better your eyes will get and you will start noticing these pattern. You will get there.
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Trend was intact. Short the pops..http://screencast.com/t/sz5HPvLOR