Shared by
Goku_BOWS
Daily Setup: None, In play name, looking for momentum either direction
Intraday Setup: Bullish consolidation, Bounce from lows yesterday, then consolidated at the open and got nice and tight for a few minutes
Layers of Probability: Pure momentum scalp, holding flat while markets fading, then broke out with market bounce
Entry:Pivot attempt on 2 minutes
Stop:Pivot low around $27
Targets: 3:1 for the 1 lot.
Thoughts/Thesis/Notes during the trade:
more of a gamble, high R:R
Higher low pivot attempt @ $27
Target at leat 2:1 but will try to watch the action and make the most/trail. I set limit order at 4:1; is that just greed? Should I take a 1:1 or 2:1? moved to 3:1, worth the risk I took and a S/R level;
Got halted. Did not seem that volatile. Got filled once open. Done with that one.
Areas of Success: Decent setup, had stop and trade mostly planned
Areas to Improve: Open to suggestions, not an A+ setup, but worth the R:R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-15 09:54:00 | WAL | buy | $27.850 | long |
| 2023-03-15 10:12:00 | WAL | sell | $30.900 | 0 |
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