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Again, big confidence in the daily and AMD was D2 on downgrade. Entered slightly ahead of move and realized I wanted to tighten the risk. So I entered again on the break and it tightened my risk. Followed Process
Execution detail:
@rbrianvickers - thank you for the comment. I agree with inverted hammers. I love that play. I am experimenting with more 1min scalp entries as I believe my results are better (entry-wise) than just using the 5 minute chart.
Andy
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Nice trade! I'm just starting out but I like the entries, seemed pretty obvious what it was doing. That opening 5 min candle is what a guy I know who has been trading for over 15 years calls a Fake Break Inverted Hammer. When you get that at the open its go time (same thing for a green one pointing the other way). I like the covers, hard not to cover when your up $1-2 a share... Nice job!