Shared by
annertrader
The set-up: I had been watching a down trend line on a 4hour chart (marked as purple on the chart below) and the 61.8% retracement on my 1K chart
What I did Right:
Entry: I waited patiently for the 61.8% retracement to be reached and I entered Short with1 and added to my position as the move pulled back up to 61.8% and burried my stop above the trendline.
Exit: I took profit on my first 3 contracts and held on to my last one until the 0% level
What I did Wrong: nothing
Where I could improve:I could have sold 2 contracts only at 23.6% and kept 2 for the whole trade
Trade grade: A*
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-04-30 14:30:13 | CLM4 | sell | $83.01 | short |
| 2024-04-30 14:34:41 | CLM4 | sell | $83.06 | short |
| 2024-04-30 14:36:13 | CLM4 | sell | $83.18 | short |
| 2024-04-30 14:53:01 | CLM4 | sell | $83.26 | short |
| 2024-04-30 15:02:02 | CLM4 | buy | $82.71 | short |
| 2024-04-30 15:02:59 | CLM4 | buy | $82.77 | short |
| 2024-04-30 15:07:24 | CLM4 | buy | $82.66 | short |
| 2024-04-30 15:22:06 | CLM4 | buy | $82.26 | 0 |
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