Shared by
scottpdemars
I took a 30m DBD wick IN FRONT of MOMENTUM and I got RAN over and SLIPPED as my 1st trade of the month, Also did NOT appear to have CLEAN EXIT.
(NOTE the 1st trade setup worked PERFECTLY THURSDAY of this WEEK and ran)
2nd trade I traded a 5m wick against a 5m wick it was to close NO CLEAN AIR exit ASAP
I completely got SUCKED into FEAR of MISSING MOVE and I could have WAITED for 2/5m PIVOT No matter how you slice it, being on the back side of momentum is the way to go (notice 1st 2m wick pivot worked)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-10-03 10:50:32 | NQZ6 | sell | $4865.50 | short |
| 2016-10-03 10:50:50 | NQZ6 | buy | $4867.50 | short |
| 2016-10-03 10:50:50 | NQZ6 | buy | $4867.50 | 0 |
| 2016-10-03 11:13:10 | NQZ6 | sell | $4859.25 | short |
| 2016-10-03 11:13:24 | NQZ6 | buy | $4860.25 | short |
| 2016-10-03 11:13:24 | NQZ6 | buy | $4860.25 | 0 |
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