Shared by:
nicholas_BOWS
This is on my watchlist. Rubberband snapback setup, stochastic >90.
19March (Thurs): continue the run up, extending more but long wink candle. Possible snapback play on 20 March.
Hence I look for short play.
Market open and the price tank. I wait until it go below yesterday close price (g/r) before start looking for entry point.
Setup was correct, as per what i expected.
But i get bad entry, and i enter twice, the second time suppose to be entry at much higher price close to yesterday close price, but by the time i enter on market price. the price was way below the price i want.
Shouldn't have stop out once it breakover yesterday close price, instead of continue hoping the price will go down.
Lesson: need to play by the rules. Don't expect price to fit my play. I need to trade following the price.
Execution detail:
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!