NIO Trade on Mar 25, 2021 13:08 from ADillPickleTrading: Tradervue User Stock Trades.

positives
- market had just made a new hammer and continued higher, was overextended though
- was in a strong uptrend, previous dips had been small
- had above average volume on the 5m chart
- had somewhat of a hammer, a pretty weak one though looking back on it
- decent daily chart for the day but still a bearish setup

negatives
- daily chart was in a strong downtrend
- 5m hammer did not have long wick and had big body
- had broken trend line
- only a 20% retracement in overall trend
- no hammer on 1m chart
- large volume bars on 1m chart was almost all red
- 3rd retracement and had a long run up, was ready for a bigger retracement

OVERALL
Considering the market confluence, it was not the worst trade but it being so extended up and not having a solid, long wick hammer was not cool. if this had a longer wick hammer with some action on the 1m chart I may have taken it again for a scalp before the overextended trend corrected.

Management Results:
1R AON: -1R

2R AON: -1R

3R AON: -1R

4R AON: -1R

2R Move Stop to BE at 1R: -1R

3R Move Stop to BE at 1R: -1R