Shared by
Beckboy5
The set-up: Flat Top Wedge
What I did Right: Good setup, good entry (only one cent slippage), decent SL (had good R/R, however missed potential to snag a better SL), sold into volume, practiced patience as breakout candle was staggering, got just under 1R
What I did Wrong: Missed chance for a better SL that would've turn this potential 4R trade into a potential 10R trade, did not wait for second candle to confirm higher highs
Where I could improve: If there's an opportunity for a better SL then take it, also continue to back test second 5 min candle theory, also continue to monitor volume to confirm strength during breakout candle
Trading on news? Y
Trade grade: B+
-------------------------------------
Entry: 4.57 (.01 slippage)
Stop Loss: 4.48
Trade Management: Good
Targets: 4.65, 4.70, 4.80
Actual Exits: 4.62, 4.64, 4.66, 4.68
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-12-05 10:30:33 | KIRK | buy | $4.570 | long |
| 2022-12-05 10:32:26 | KIRK | sell | $4.620 | long |
| 2022-12-05 10:34:59 | KIRK | sell | $4.640 | long |
| 2022-12-05 10:35:05 | KIRK | sell | $4.645 | long |
| 2022-12-05 10:35:27 | KIRK | sell | $4.660 | long |
| 2022-12-05 10:35:37 | KIRK | sell | $4.680 | long |
| 2022-12-05 10:35:41 | KIRK | sell | $4.680 | 0 |
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