MCLM4 Trade on May 2, 2024 09:56 from Tquinn: Tradervue User Stock Trades.

I was really happy with the management on this one.

I was pretty confident after the 2nd fairly strong bull bar that I had missed out with the wrong target ( The MM1 was the right target).

Not that this was a huge mistake, but it was the target the market was going for.

So I thought to myself that I should just emotionally detach from the trade and let it go while I had 10 ticks to speak of. And that was the best thing I could do (even if it wouldn't have turned out to be more profitable).

But it did also happen to be the most profitable move because the market went straight up from there.

At first I was hoping for a retest of the MM1, but after those 2 bars and Stochastic turning up it didn't look good.

As for the setup itself I was thinking there was like a larger volume stab on that 2 bar reversal. And when the market broke the low of the main range again and pulled back right to the mid I was sold, because I now had the price action confluent with the bracket level I would use for a stop (the mid level).

At any rate, good trading I think good management, and got some profit not at all disappointed with how this went.