This was a scalp I took on a 1-minute micro-pullback with heavy volume on the 1-minute candle. You missed two more ideal entries on this setup, a red-to-green move at 5.20 and the 5.40 1-minute bull flag pattern.
Still scalped green on the name, $47.46 in net realized gains. It looks like the lesson here, I'm learning, is that it is better for you to take smaller size scalp setups on micro-pullback setups with a heavy push in volume because these patterns do not resolve for a high reward potential than bull flag setups do.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-12-22 09:39:09 | DCIX | buy | $5.740 | long |
2017-12-22 09:39:41 | DCIX | sell | $5.880 | long |
2017-12-22 09:39:48 | DCIX | sell | $5.850 | 0 |
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