Shared by
allenak47
Summary
Went long after a break of the trend line on the 1 minute and 5 minute. Crossed an important level at 28 as well as the 50MA.
Entry Indicators
* New 5 minute high, 1 minute high
* Break above the $28 level
* Break above the 50MA on 1 minute
* Break of downward trendline to the upside
* No resistance until 28.15 200MA on 1m
* Slightly increased buy volume
Case against this Trade
* Not a lot of volume
* No new 15m high
Stop Loss / Risk Reward
Stop below 27.95, target was 28.15-28.20 for a R/R of 3:1.
Setup Grade
A - this is a great setup - almost perfect and a great trade
Lessons Learned
* Should have probably loaded up on this trade some more since it was such a great setup
* Could have waited a bit longer before taking profits
Trade Grade
A
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-04 10:47:59 | AMD | buy | $28.028 | long |
| 2018-10-04 10:47:59 | AMD | buy | $28.030 | long |
| 2018-10-04 10:48:05 | AMD | buy | $28.030 | long |
| 2018-10-04 10:50:59 | AMD | sell | $28.110 | long |
| 2018-10-04 10:51:11 | AMD | sell | $28.100 | long |
| 2018-10-04 10:55:12 | AMD | sell | $28.150 | long |
| 2018-10-04 10:55:59 | AMD | sell | $28.180 | long |
| 2018-10-04 10:56:02 | AMD | sell | $28.170 | long |
| 2018-10-04 11:00:30 | AMD | sell | $28.260 | long |
| 2018-10-04 11:00:32 | AMD | sell | $28.270 | long |
| 2018-10-04 11:01:40 | AMD | sell | $28.230 | long |
| 2018-10-04 11:08:10 | AMD | sell | $28.160 | 0 |
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