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
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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