Shared by
Angelrose
When AMD price action reached and break the upper band of VWAP @ $115, I should have entered a trade within the next candle or two. However, due to the top and bottom wick of candle at 10.31am PST, I decided to wait for more confirmation to ensure this is a downtrend. After that, I saw a "ABCD" pattern, as shown in the pic attached here. I entered this trade as Trade#1 (as in the pic attached,) but this entry was short lived. The trend bounced back in opposite direction, so I partial at $114.18 and $114.43. The alternative will be bad as it trended upwards by $2. I wished I had time to enter a reverse trade; but I had't learn it yet how to, on the DAS system. Hence, this trade didn't live to its' potential to 1:2 risk/rewards.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-02-01 10:36:25 | AMD | sell | $114.720 | short |
| 2022-02-01 10:45:41 | AMD | buy | $114.180 | short |
| 2022-02-01 10:51:07 | AMD | buy | $114.430 | 0 |
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