Shared by
Goku_BOWS
Daily Setup: Pullback to 8ema
Intraday: Pivot at daily level, oversold bounce
Worth a shot, especially if the market could give a bounce. Bad timing for entry with JOLTS coming up in 3 minutes, didn't quite get stopp out on that number, but soon after. Decent idea, has a high R:R but lower probability. Playing the odds like a casino, so I don't hate this trade at all. Take enough of these small losses, the odds are in my favor for a big R:R on one or two.
Layers of probability: Not enough; Daily pivot area (not price support),
Entry: Pivot candles
Stop:LOD
Targets: 1:1, then trail up to $30
Successes: Good risk management
Areas to improve: Need more layers of probability.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-08 09:56:00 | AI | buy | $25.040 | long |
| 2023-03-08 10:20:00 | AI | sell | $24.690 | 0 |
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