Was an awesome trading, other than me trading from my bed again, on my phone, about 2 minutes after I woke up. Other than that, I stuck to my fundamentals and the trade went very well!
I didn't look at Level 2's this time (which is a no-no, I need to get used to doing that) I just looked at the chart, saw a double bottom had formed around 2.05, then after the double bottom came a big green igniting bar, followed by a bullish consolidation within the top 50% range of that bar. Those two confluences gave me enough confidence to take a trade within that consolidation, and set my stop under the consolidation. Target was near the high of the day, 2.40ish. Took profit at 2.35. 3:1 RR. Excellent trade!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-26 10:08:51 | GSMG | buy | $2.200 | long |
2021-08-26 10:14:10 | GSMG | sell | $2.350 | 0 |
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