Shared by
Beckboy5
The set-up: FTBO Retrace
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M, 5M
Timeframe used? 2M
Above 200 EMA? N
Spread: Thick
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What I did Right: Great entry that lined up on all time frames, good aggressive SL, started to mitigate risk after entry (stalled at 7.88 for a moment), held on to small pieces for break over 8 (breaking the habit of selling too fast), got out with good profit
What I did Wrong: Sold first too pieces too quickly should've held on to 3/4's size, missed out on second small run to 8.20
Where I could improve: Continue to practice patience and working on mentality while in trade
Trade grade: A-
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Entry: 7.82 (.02 slippage)
Stop Loss: 7.69
Trade Management: Good
Targets: 7.93, 8.00
Actual Exits: 7.88, 7.89, 7.92, 7.95, 7.96, 8.05, 8.03
Potential R: 3.45
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-05-01 10:31:21 | CDLX | buy | $7.820 | long |
| 2023-05-01 10:31:35 | CDLX | sell | $7.880 | long |
| 2023-05-01 10:31:39 | CDLX | sell | $7.890 | long |
| 2023-05-01 10:32:00 | CDLX | sell | $7.920 | long |
| 2023-05-01 10:32:12 | CDLX | sell | $7.950 | long |
| 2023-05-01 10:32:22 | CDLX | sell | $7.960 | long |
| 2023-05-01 10:32:38 | CDLX | sell | $8.050 | long |
| 2023-05-01 10:32:46 | CDLX | sell | $8.030 | 0 |
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