CCIV Trade on Mar 9, 2021 11:02 from ADillPickleTrading: Tradervue User Stock Trades.

  • daily chart bottomed out, looked like it had room for a move up after two hammers
  • had two hammers on the 5m chart, a third one happened after I entered
  • the 1m chart had 4-5 hammers, none had amazing volume but the fact that sellers fought with buyers for 5m and buyers were able to keep it up each time was pretty impressive
  • took a trade on a dip, I should have taken it on the first green candle over the consolidation but got a similar entry. If I took the correct entry I could have then added on the hammer in the consolidation zone.

WHAT I COULD HAVE DONE BETTER
- could have taken a better entry, covered this above
- would have liked a stronger support at that level
- ideally would like more volume on the candles but there was 4-5 of them so..

SUMMARY
Took a trade that had 1m and 5m confluence with a good number of hammers. good exit but would have liked a stronger support and more volume on the candles, overall a solid trade and followed my plan


Execution detail:

Date/time Symbol Side Price Position
2021-03-09 11:02:53 CCIV buy $23.280 long
2021-03-09 11:31:52 CCIV sell $23.680 0


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