SAVE Trade on Jan 22, 2024 13:57 from AJF100: Tradervue User Stock Trades.

The set-up(s): HH-MAC-Spike-Breakout-Engulfed-Reversal-Short
What I did Right: Timing, Sizing, Systematic Cover at >1 R:R for 1/2. R2E for exits.
What I did Wrong: Nothing.
Where I could improve: I noticed the breakout find resistance and stall and start to slip back through 8.15, could have gotten tier 1 there, tier 2 through 8.12 and have been slightly bigger with the same ultimate lock% risk. Not necessarily my system for trading these but its what stands out to me on where i "could" improve
Trade grade: A
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Big-picture: SAVE M&A deal blocked. price capitulated prior to official headline, 5.80 low. News released during volatility halt and price bounded from there. inside day then a breakdown from D1 low which ended up closing back towards its hod, RS. 8.00 is an important level since its D1 close and gap that was filled today. This made the level better than the average HH_BO_F2F.
Trade parameters: 35% lock risk as i thought this was a A+ setup given all the variables i put together and the price action i saw.
Entry: 8.12
Trade Management: vs 8.19
Exit: tgt 1-8.01 tgt 2 #Scalp_R2E's

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