CLDR Trade on Oct 4, 2018 09:59 from allenak47: Tradervue User Stock Trades.

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allenak47

 

Summary
Went long before it actually broke the symmetric triangle it was in. Instead, it bounced back down and shot out the other side.

I also missed the short on the other side because I went to wake up julz after failing on the trade.

Entry Indicators
* Looked like it was going to break the triangle line but NEVER DID. No confirmation.
* There was a small spike in volume and orderflow right up towards the trend line.

Stop Loss / Risk Reward
Stop below the 50MA with a target of High of Day. 2:1 RR

Setup Grade
D - no confirmation, could have been an A if I had waited for the break

Case against this Trade
* It never broke the damn trend line and there was no confirmation

Lessons Learned
* WAIT FOR CONFIRMATION or take the trade in the opposite direction!

Trade Grade
F

image


Execution detail:

Date/time Symbol Side Price Position
2018-10-04 09:59:28 CLDR buy $19.890 long
2018-10-04 09:59:28 CLDR buy $19.890 long
2018-10-04 10:00:47 CLDR sell $19.790 long
2018-10-04 10:00:47 CLDR sell $19.790 0


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