Shared by
RodrigoBras
Risk/Stop Loss: -4 points
Target: 20 points (5R)
Realized: 5.5 points (1.38R)
Unrealized Before being stopped: 11 points (2.75R)
Trade plan: "This 4470 is key to hold, if it doesn't I believe 4450 may trade"
Confirmations: Strong pressure by sellers, clear bearish action + Buyers are trying to push price up but clearly not having the strength to do so + Retest of the previous consolidation zone + Consolidation inside 4474-4470 demand is bearish as it means bears are finding acceptance on lower prices.
Mistakes: Maybe the stop adjustment was not that good, looking back, I believe that I should have kept my stop at 4471.
Overall thoughts: if I had 2 lots, I would for sure sold 1 at 4460 as some buying was developing and also price was stalling a little after a -4.6K negative delta formed in a 5min period.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-09-06 10:39:08 | MESU3 | sell | $4472.25 | short |
| 2023-09-06 11:19:56 | MESU3 | buy | $4466.75 | 0 |
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