Thought that the high was incomplete. Once reentered 3day bal price stopped at Dev Poc where I tried a quick buy. Bad read! Bad trade. I had the time - and I thought about doinh it - to get out at my price and didn't. This I regret more than the trade. Must act on thoughts.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-02-07 11:07:14 | ESH7 | buy | $2293.25 | long |
2017-02-07 11:18:24 | ESH7 | sell | $2291.75 | 0 |
not super convinced on the premise personally (not a trade I would look for in that situation) but understand the entry and you said it yourself, quick buy. but at that point, your premise needs to hold and I think it would fall into todd's criteria, right or right out. I don't mind the entry (don't think it's necessarily a bad read/trade cuz at that point, that could've been what the market was setting up) but I do think you gave your exit too much room given the premise of your trade (poc)
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It seems the days that struggle for continuation after a directional open often turn around in the D period, perhaps influenced by the euro close. Something to look out for going forward.