Price rejected VWAP and formed a flag under it. I got shaken out of the first trade for a small loss but re-entered when I saw price didn't hold $33.
I'm find that making sure price is inline with VWAP/EMAs with a line in the sand creates good trading opportunities.
Adjustments:
- Use short stops
- Use actual stops not mental stops
Psychology:
I used a mental checklist before entering the trade. I asked myself if it was really a setup or not. Mentally I was prepared, I scanned the night before, drank lots of water, and exercised.
Execution detail:
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Yea, that first sell was bit shake lout. Let the setup play out. Win or loss.