AMD Trade on Nov 13, 2023 09:36 from Dandres: Tradervue User Stock Trades.

One of those stocks that you watch

Open
- Watching AMD in the opening range, it was moving sideways until it gave me a downside confirmation. On the last minute of the 5 minute candle the candle ripped up to break the 118.5 for a break to the upside but then strongly rejected that move and came down to close the candle on a downside doji. Took first entry on the new 5 minute candle open that broke to the downside, I was cautious to take a second entry because the 10 minute opening range had not closed yet to confirm the price action around that level. Price action resolved slowly and I took an additional entry on a retract retest move. The price action move sideways and did not support indication for a further move down, took a partial at the bottom of that range and the rest on the price action come up to the top of the consolidation range.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? Yes. second entry on the retract retest, possibly a bit extended but it had potential to move towards the previous days level.
- Partials? Yes on the sideways action.
- Risk management? Got out on the price action coming up to the top of the range on the 1 minute chart.
- What went right/wrong? First entry good, second entry possibly too extended.
- Successful trade? Yes successful trade. Emotions in check, entries called for and partials on the confirmation that the price action would probably not move further down.