Trade 1: VWAP (Win)
Trade 2: RS (Loss)
Trade 3: RS (Loss) The price action developed lower levels within the range which is usually typical of a RS break in that direction. I took first entry very closely to the resistance area, the price action AGAIN didnt break to the downside and at the point I got out for the second time noticing it definitely was a strong area of resistance that I shouldnt get in on until it actually broke. Got out on very minor loss.
Reflection
- 3 indicators present.
- Nice risk management.
- Followed my RS trade rules.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-08-07 10:15:14 | AMD | sell | $116.520 | short |
2023-08-07 10:16:18 | AMD | buy | $116.650 | 0 |
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