The set-up: FTBO HOD
What I did Right: Took entry over a clear top, solid stop loss, looked like the setup on the 5 min, had a target set
What I did Wrong: Looking at the 1 & 2 minute they show that this was a bad setup, also signs of that on the 5 min
Where I could improve: Practice utilizing MTFA to confirm an entry before taking. This trade could've been avoided solely on that alone.
Trading on news? Y
Trade grade: D+
-------------------------------------
Entry: 9.54 (.02 slippage)
Stop Loss: 9.33
Trade Management: Stopped
Targets: 9.66
Actual Exits: Stopped
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-16 10:00:44 | DBI | buy | $9.540 | long |
2023-03-16 10:06:27 | DBI | sell | $9.315 | 0 |
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