The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M
Timeframe used? 2M
Above 200 EMA? N
Spread: Thin
-------------------------------------
What I did Right: Great fast setup on the 1 and 2 with clear strength as we closed in on break of HOD, took aggressive SL based on 2M due to the clear strength and better r/r it would bring, looked to take half off before break of 10 (which we did) and hold pieces for after the break, attempted to hold for higher highs after 10 break however there were signs of weakness so I exited to protect profits
What I did Wrong: Should've held on to a very small piece to practice gaining that patience within a trade and letting runners run
Where I could improve: See above
Trade grade: A
-------------------------------------
Entry: 9.68 - 9.69 (Minor slippage)
Stop Loss: 9.47 (Based on the 2M)
Trade Management: Great
Targets: 9.87, 10.00, 10.15
Actual Exits: 9.87, 9.95, 10.08, 10.16, 10.06
Potential R: 3.4
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-09 09:34:24 | NVAX | buy | $9.680 | long |
2023-05-09 09:34:24 | NVAX | buy | $9.680 | long |
2023-05-09 09:34:24 | NVAX | buy | $9.690 | long |
2023-05-09 09:35:10 | NVAX | sell | $9.870 | long |
2023-05-09 09:35:10 | NVAX | sell | $9.870 | long |
2023-05-09 09:35:15 | NVAX | sell | $9.951 | long |
2023-05-09 09:38:36 | NVAX | sell | $10.085 | long |
2023-05-09 09:39:14 | NVAX | sell | $10.165 | long |
2023-05-09 09:39:18 | NVAX | sell | $10.065 | 0 |
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