Shared by
nzj256
Setup: Long the potential wedge; trigger 400 ma; tight 2 tick stop.
Condition: Starting to get my mental wit. Trade was compliant.
Error on the trade was stop was too tight and I failed to recognize where was relative to 200 ma on 1600 tick chart. Could have provided a better stop.
Lesson learn: See the higher time frame and most important watch the ticks. Exit on low tick reading only to see it reverse and go higher to target plus some. Also wait for the MIGHTY 1:00 MONEY FLOW TO COME IN. Time of day.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-08-17 13:05:00 | ESU8 | buy | $2843.50 | long |
| 2018-08-17 13:28:48 | ESU8 | sell | $2841.50 | 0 |
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