Shared by
Goku_BOWS
Daily Setup: Oversold bounce/parabolic long
Intraday Setup: Oversold bounce into support area
Layers of Probability: Daily extension, 6th red day, starting to uptick
Entry: RDR through 84
Stop: LOD
Profit Strategy & Targets: 1:1, equilibrium 8ema then 21 ema
Thoughts/Thesis/Notes during the trade: I had an order out at after the open and watched it have huge upticks and downticks, breaking lows and highs so I had removed my order and waited for a better r/r setup. Big flush into 84 and started to uptick a bit, RDR on the 5 minute and $84 level, so I waited for a downtick (lower probability of big bounce if I get in) but could get better r/r. It flirted up and down a bit which made me think it wasn't going to get a solid bounce. Got filled and covered my risk, stopped last half, flat trade.
Areas of Success: Good idea to remove order on open w/o setup. Rinse my mind of it once out.
Areas to Improve:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-04-25 09:50:00 | BABA | buy | $84.080 | long |
| 2023-04-25 09:52:00 | BABA | sell | $84.190 | long |
| 2023-04-25 09:54:00 | BABA | sell | $83.970 | 0 |
Comments
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Great mental composure!