Shared by
Nanou2012
Trade Analysis
Technicals: I waited for 17.30 and traded the "reversal". The large and steep move downward of the afternoon session bounced off three times before settling to a bottom at 84.20. I very nearly entered at 84.20 but decided against it as it was too close to the next 30 minutes candle. I entered L1 at 84.56 and added another one when we pulled back to 84.48 with my stop at 84.38.
First target at 84.76 and 2nd target at 85.02
Outcome: Win $600 although my fear of losing made me bring my stop inside the trade and increase my target to 85.24. I got stopped out at 84.88 thus losing $140.
Post mortem: I should have stayed in the trade longer and entered with more contracts as it was the perfect set-up. Trade less and trade heavier. My more ambitious target of 85.25 was reached.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-11-16 17:25:58 | CLZ2 | buy | $84.56 | long |
| 2022-11-16 17:27:48 | CLZ2 | buy | $84.48 | long |
| 2022-11-16 17:30:49 | CLZ2 | sell | $84.76 | long |
| 2022-11-16 17:36:10 | CLZ2 | sell | $84.88 | 0 |
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