Shared by
ctxtrd
The set-up:
Descending triangle
Time Frame:
1m
What I did Right:
- Waited for pattern to appear
- Waited for confirmation, but was a false breakout
What I did Wrong:
= This was a very risky triangle since it was breaking range regularly
- Traingle did not follow general triangle pattern, didnt' touch the resistance line
Where I could improve:
- Try to follow pattern more relgiiously
Trade grade: F
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-11-15 13:14:11 | AMZN | sell | $142.620 | short |
| 2023-11-15 13:21:46 | AMZN | buy | $142.910 | 0 |
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