This trade is HIGH on the CURVE into an EXCELLENT CLEAN 30m DBD sell WICK at 9 am, I took a 2/5m DBD wick. intial risk was $50, Market was up 50 points looking for profit taking (distribution)
I did have CLEAN AIR exit as soon as I got by a 5M wick
Well I opened my Risk up from $40 to above 15m wick $120
(I decided to go ABOVE the 15m Wick 4855.25.)
Hindsight (where is rule) I could have cut my risk in half on 1st entry and taken a 2nd shot to enter this level or "proper stop" goes above entire level
Market was up 50 points STRONG TREND day (uncertain~ I don't KNOW yet) and it just WORKED it's way up thru supply and took me out. TRUTH IS I HAD AN IMPROPER STOP PLACEMENT INSIDE OF SUPPLY LEVEL
Take a deep breath start FRESH and look for next CLEAN entry
(Notice you took 2nd setup at 11:00 when 7 am until 10 am is BEST Probability plays)
2nd trade
I almost did NOT take 2nd setup because I was pushing daily MAX loss($295) I took a 2/5/15M DBD wick leaving the 30m DBD wick above market was up over 50 pts on what appears to be a Trend day (again I do NOT know the outcome), I decide to TAKE the TRADE and I risked 3 tick on 2 contracts order filled and she ROLLED HARD
STOP MOVED to FLAT when I Hit $400 with both contracts obligation to LOCKIN $200-400 on 1 contract From above with stop
HIT T1 AND LOCKED IN OBLIGATION TARGET ($370), 2ND TARGET IS ORIGIN OF MOVE OR lower CUTTING THRU THE .D GAP
I poorly managed T2 exit and gave back $500 I need to revisit DETAILED RULES for T2 using STATS
That was the most CHOPPY WHIPSAW DAY I could have ever HELD a trade to SWING Plus I miss managed T2
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-18 12:06:26 | NQZ6 | sell | $4853.00 | short |
2016-10-18 12:28:20 | NQZ6 | buy | $4856.00 | short |
2016-10-18 12:28:20 | NQZ6 | buy | $4856.00 | 0 |
2016-10-18 13:26:08 | NQZ6 | sell | $4853.00 | short |
2016-10-18 15:59:22 | NQZ6 | buy | $4834.50 | short |
2016-10-19 15:20:46 | NQZ6 | buy | $4838.00 | 0 |
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