Shared by
Ihor_Horovenko
Thesis: Black Friday deals. CABOHL appeared after I was stopped out from a opening range breakout trade. I was simply waiting for candles consolidate and breakout. Black Friday sales report.
Stop: Placed my stop-loss below the breakout bar.
Entry: I have entered position once the breakout bar closed above the consolidation high.
Targets: 1to3 was my best expectation.
Breakeven point: was set after 2 min in this trade.
Profit taking: took everything when price slowed down at around 73.50 on the tape.
Comments: Best trade of the day. I also tried to be bigger and load max size. For unknown reason to me, my hotkeys stopped working. It is soooo frustrating....
Lessons: After reviewing HitchHiker scalp cheatsheet I came a conclusion that I have to perform my entry no matter what at the moment of price breaking above the consolidation high. For a 5 min consolidation I would enter aggressively at the moment of breakout, while for 3-4m I would still wait for a candle to close.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-11-27 09:47:02 | SHOP | buy | $73.200 | long |
| 2023-11-27 09:47:04 | SHOP | buy | $73.200 | long |
| 2023-11-27 09:47:06 | SHOP | buy | $73.200 | long |
| 2023-11-27 09:52:39 | SHOP | sell | $73.540 | 0 |
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