Open Type - Inside Day at Upper Range consolidating, forming RDR on small wicks.
R2T - After VWAP was tested & rejected 3 times, plus a small consolidation below broke down, I missed the 1° PB on 2m, and waited the next one in 5M.
R's / MFE R's: -0.3R ( 8.2R MFE )
Comments: Many more confirmation points gave more confidence. I move to b/e after 2R, as I was decided to go for a test of Prev Day Low. I got stopped out, my stop NEVER HIT and it went straight down.
ANOTHER EXAMPLE THAT SCALING OUT OR EXIT + RE-ENTER IS A GREAT STRATEGY
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Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-10 12:18:31 | SPY | sell | $339.140 | short |
2020-09-10 13:09:53 | SPY | buy | $339.068 | 0 |
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