Trade 1: VWAP (Win)
Trade 2: RS (Loss) The candle after curling back up came back down to the 116.5 level, it looked like a possible break of the resistance level of a RS trade, the price action did NOT break immediately which is usually the characteristic of a trade with real resolve to a direction. I got out on that hesitation of the break. Im sure others that saw that resistance would be hesitant to short.
Reflection
- 3 indicators present.
- Nice risk management and following your rules for RS breaks (they need to break right away), a bounce of a level is not a trade with resolve.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-08-07 10:13:02 | AMD | sell | $116.530 | short |
2023-08-07 10:13:31 | AMD | buy | $116.700 | 0 |
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