Trade fitted all of criteria. FB broke out of consolidation range on higher time frame 5D 15 MIN. Break of 265 was key level for the breakout.It came and fb showed good price action.Waited for break of 265 which came but needed a pullback as it was up 4 bars already and needed higher probability play.Price paused and there was indecision between bulls and bears. Both fought for price putting in 3 doji bars.Price broke to the upside with high volume.Got in at the breakout candle. Didn't wait for confirmation bar cause of volumeI feared I would most of move and wouldn't have good place to risk off and might hit my target before even getting in. Had I waited like usual for follow up bar I wouldn't took trade cause price didn't tick higher after breakout bar.Price pulled back and stopped me out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-19 10:41:47 | 21 AUG 20 265 CALL | buy | $4.750 | long |
2020-08-19 10:41:47 | 21 AUG 20 265 CALL | buy | $4.750 | long |
2020-08-19 10:44:29 | 21 AUG 20 265 CALL | sell | $4.350 | long |
2020-08-19 10:44:29 | 21 AUG 20 265 CALL | sell | $4.350 | 0 |
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