The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M, 5M (All three lined up)
Timeframe used? 2M
Above 200 EMA? Y
Spread: Thick
-------------------------------------
What I did Right: Great entry that lined up on all time frames, good analysis of price action before buying, good (somewhat reserved) stop loss, was able to hit T1, got out without overstaying my welcome
What I did Wrong: Sold too quickly (main issue nowadays)
Where I could improve: Continue to focus on the main mover(s) for the day
Other Notes: Initially didn't like the over extended nature of what became the initial doji, however see the rapid buying of the following candle confirmed my entry point
Trade grade:
-------------------------------------
Entry: 4.07
Stop Loss: 3.85
Trade Management: Good
Targets: 4.26
Actual Exits: 4.16, 4.21, 4.24, 4.26, 4.30
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-26 09:33:15 | SAI | buy | $4.079 | long |
2023-04-26 09:33:37 | SAI | sell | $4.162 | long |
2023-04-26 09:34:34 | SAI | sell | $4.210 | long |
2023-04-26 09:34:48 | SAI | sell | $4.240 | long |
2023-04-26 09:34:55 | SAI | sell | $4.260 | long |
2023-04-26 09:35:12 | SAI | sell | $4.260 | long |
2023-04-26 09:35:24 | SAI | sell | $4.300 | 0 |
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