Shared by
Beckboy5
The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? N
MTFA: 1M, 2M
Timeframe used? 2M
Above 200 EMA? Y
Spread: Thin
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What I did Right: Good setup going into the trade, was showing strength before the breakout however after breakout we hit heavy resistance, held thru resistance until back to profit, took 2 pieces off to mitigate risk, sold other 2 pieces at T1 and close to T3, SL held thru pullback perfectly
What I did Wrong: Sold too quickly once we came out of pullback, missed out on atleast an R
Where I could improve: Practice having patience on the trades when we hit an initial pullback but re-break with strength to the buy side
Trade grade: A
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Entry: 2.90
Stop Loss: 2.69
Trade Management: Good
Targets: 3.00, 3.06, 3.14
Actual Exits: 2.92, 2.95, 3.01, 3.12, 3.13
Potential R: 2.36
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-05-12 09:48:20 | GSIT | buy | $2.900 | long |
| 2023-05-12 09:52:24 | GSIT | sell | $2.922 | long |
| 2023-05-12 09:52:29 | GSIT | sell | $2.957 | long |
| 2023-05-12 09:52:40 | GSIT | sell | $3.012 | long |
| 2023-05-12 09:53:17 | GSIT | sell | $3.120 | long |
| 2023-05-12 09:53:30 | GSIT | sell | $3.130 | long |
| 2023-05-12 09:53:34 | GSIT | sell | $3.130 | 0 |
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