Shared by
ctxtrd
The set-up:
Ascending Triangle
The Timeframe:
1m
What I did Right:
- Waited for Pattern
- Took profit as it went in my favor
What I did Wrong:
- Bad entry due to overwaiting, was waiting on the 5m
Where I could improve:
- Commit to a limit order to buy in instead of over waiting, this helps define a risk and tighter stop (less risk)
- Find the pattern on the 5m and trade it on the 1m (look for entires), otherwise trade the 1m
Trade grade: C
5m
1m
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-11-28 11:30:31 | AMZN | buy | $147.160 | long |
| 2023-11-28 11:34:13 | AMZN | sell | $147.480 | long |
| 2023-11-28 11:35:48 | AMZN | sell | $147.470 | 0 |
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