daily chart breaking out with plenty of room to go, over a dollar so that was not the issue. actually a large positive. 60m chart was a literal 3BP, perhaps a bit extended but still a 3BP. 15m chart was over 2 pivots and had plenty of consolidation, good so far. 5m chart, was the entry chart. nice consolidation and then broke out with a great strong bar with a bit of a volume spike. then comes the slighly >50% retracement bar. this was the negative of the trade, it was a bit more than 50% and showed no buyers stepping up in 5m, leaving no bottoming tails. this was a bit problematic but not a deal breaker. it then made a new high with a volume spike but sadly curled over and failed. this was overall a good trade and I may have taken it again, I just don't like the big red bar that screwed up the r/r ratio and that there was no doji or bottoming tail.
Management Results:
1/2 Position Add Second 1/2 at 1/2R: -1/2R
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
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-04-16 14:33:26 | GILD | buy | $66.990 | long |
2021-04-16 14:50:32 | GILD | sell | $66.890 | 0 |
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