Shared by:
ToqueX
Grade=C-
The setup: bear flag
The result: Not a bad entry point, although I could have gotten a better entry price which would have kept me from getting spiked out. Also, I just could have had my stop a little wider to accomodate a spike close to 33.40, but that would have defeated the purpose of the trade w/ lower R/R and kept me out. Not necessarily a bad thing because I could have gotten in on the spike and had a better entry.
Lesson: It's good to sometimes be patient and look for a great entry price at the top of the next candle if things are looking sub-optimal.
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!