The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y
MTFA: 1M, 2M
Timeframe used? 2M
Above 200 EMA? Under then over after break
Spread: Thick
-------------------------------------
What I did Right: Solid setup with clear strength going into break, handled slight pullback well, patient with pieces (hit 3/4 targets), was holding final piece through break of $9.00 which did not happen during this trade, stuck to area where I felt stoploss should be
What I did Wrong: Nothing
Where I could improve: Handled this trade very well, very happy with how it played out even though final piece was stopped
Trade grade: A+
-------------------------------------
Entry: 8.20 (.04 slippage)
Stop Loss: 7.83 (Based on 2m, 5m did not provide good r/r and stop was near VWAP)
Trade Management: Great
Targets: 8.50, 8.60, 8.83, 9.00
Actual Exits: 8.41, 8.66, 8.75, 8.92, 8.14 (stopped)
Potential R: 2.3
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-23 09:34:34 | OCEA | buy | $8.200 | long |
2023-05-23 09:35:30 | OCEA | sell | $8.412 | long |
2023-05-23 09:35:48 | OCEA | sell | $8.660 | long |
2023-05-23 09:36:22 | OCEA | sell | $8.756 | long |
2023-05-23 09:36:30 | OCEA | sell | $8.920 | long |
2023-05-23 09:39:44 | OCEA | sell | $8.145 | 0 |
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