Shared by
nzj256
Date & Time
Account
Setup :Breakout
Trigger: Breakout of prior daily bar.
Trend (With
Setup Pattern Time Frame: daily
Quantity : 1
Initial Risk 20 points
Primary Confluence : NONE
Compliance Factor: NO
Result : Lost
ERROR Reason: Trade Recognition - I changed time frames without proper planning. I fancied that I was going to entry a position trade.
** I knew I would need to have a trend day for this breakout to work. Only volume cane push higher. With light volume I still enter the trade HOPING for a slow grind up.
Sadly this was the same error twice in one day
I did recover somewhat on this trade by getter short MNQ at breakdown of support just before exiting this trade. Ended the day down about 1.5 R.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-03-08 13:17:09 | MESH1 | buy | $3878.00 | long |
| 2021-03-08 13:52:45 | MESH1 | sell | $3853.00 | 0 |
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