The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M
Timeframe used? 1M
Above 200 EMA? Y
Spread: Thin
-------------------------------------
What I did Right: This came out of a 10 minute halt and hit a wall at $5 which gave a clear entry once it broke 5.01 based on the 1 minute, due to the increase in volume and strength I ended up taking the trade (usually don't use just the one minute) but also had a decent look on the 2 minute, the daily looked good (gap up day), and decent R/R
What I did Wrong: Could've sold more pieces closer to top, but happy with how I took trade overall
Where I could improve: NA
Trade grade: A+
-------------------------------------
Entry: 5.01
Stop Loss: 4.74
Trade Management: Good
Targets: 5.28, 5.50
Actual Exits: 5.13, 5.40, 5.34, 5.32, 5.22
Potential R: 1.74
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-09 09:50:53 | TCRX | buy | $5.010 | long |
2023-05-09 09:51:24 | TCRX | sell | $5.130 | long |
2023-05-09 09:51:28 | TCRX | sell | $5.409 | long |
2023-05-09 09:51:29 | TCRX | sell | $5.345 | long |
2023-05-09 09:51:30 | TCRX | sell | $5.324 | long |
2023-05-09 09:51:32 | TCRX | sell | $5.225 | 0 |
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