This was a scratch trade for me, however looking at the overall picture this was a perfect set up and I should have let it work.
From 10am to 11am it was making higher lows and lower highs, pretty much making that wedge shape. Just before 12 it squeezed. Ideal entry would have been around then as that wedge got tighter and tighter.
I really should have set risk at #2.80 as that was the consolidation range and risked a fail of that, but I think the share size scared me and I sold for a break even.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-22 11:54:01 | ABML | buy | $2.910 | long |
2021-01-22 12:19:47 | ABML | sell | $2.910 | 0 |
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