Daily Setup: Oversold bounce, extension
Intraday: 2 minute hammer reversal
Major extension at the open and panic/forced selling. The plan today was to look for a bounce due to the extension. Price started upticking and that was my entry. Small. Sold into the big pop and just trailed the last lot. I closed out nearing the close to avoid overnight and CPI risk.
Layers of probability: VTF thesis to buy as well, major daily extension, relatively strong index,
Entry: 2 minute hammer
Stop: A bit below LOD to give room
Targets: Not planned, sold on the uptick and trailed.
Successes: Good daily setup, great risk size
Areas to improve: Better stop and target plan, had great thesis, but not the exact levels planned out and alternate trade plans. Could've integrated addbacks to get some cashflow.
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