Shared by
Goku_BOWS
Daily Setup: Oversold bounce
Intraday Setup: Oversold bounce
Layers of Probability: Extended on all time frames, UVXY bear flag,
Entry: Bid in nearing support, no setup/trigger
Stop: LOD
Profit Strategy & Targets: Covered risk, added some back near my entry and put my next offer at 1740 near s/r level
Thoughts/Thesis/Notes during the trade: Quick oversold bounce scalp, UVYX also looking like a bear flag breakdown, Also near pre-market support levels that had been holding in. I got my risk covered and added some of that back and got greedy so I put my next offer even higher. Never filled the offer, stopped all. Break even.
Areas of Success: Followed my stop,
Areas to Improve: Counter-trend trade, reconsider using add-back, the more time it tests lows the higher probability of breakdown.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-04-26 11:54:21 | M2KM3 | buy | $1735.60 | long |
| 2023-04-26 11:57:57 | M2KM3 | sell | $1738.00 | long |
| 2023-04-26 12:02:33 | M2KM3 | buy | $1735.80 | long |
| 2023-04-26 12:35:33 | M2KM3 | sell | $1734.35 | 0 |
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