Shared by
BlackSwanTrading
- Took WKHS long for an R4 Breakout
- First problem to point out here is that I broke my rules trading in the first 10 minutes. I choose to not trade in the first 5-10 minutes being that its in a price auction zone/time.
- I went long as soon as the first candle closed green and above R4 with an average price of 15.37.
- I set my stop at 15.05 which was at the middle of the bottom wick right below the 20 EMA.
- The price quickly auction up and then sold off.
- The following candle continued to sell off and I got stopped out with slippage losing 1.4R. -Although the price ended up going in my direction 10 minutes later I should have not been in this trade being that I broke my rule of not trading in the first 10 mins.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-08 09:31:07 | WKHS | buy | $15.370 | long |
| 2021-06-08 09:32:08 | WKHS | sell | $15.050 | 0 |
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