The set-up: FTBO HOD
Gap Up Day? Y
Trading on news? Y/N
MTFA: 1M, 2M, 5M
Timeframe used? 2m & 5m
Above 200 EMA? Y
Spread: Thick
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What I did Right: Great setup - had 2 prior taps on HOD before breaking out, clear flag pattern into breakout, hit volume and % change criteria. Solid entry with only one cent slippage, took a piece off on initial run up, had about a 2-3 minute pullback which held thru, ended up taking off all pieces at T1 for a solid base hit. Should be noted that HOD ended up being exactly T2.
What I did Wrong: Nothing notably wrong however could've held first piece until T1 and could've held 1-2 pieces for secondary run to T2 or close to it.
Where I could improve: Continue only focusing on clear setups like this, practice patience daily.
Trade grade: A-
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Entry: 103.12 (.01 slippage)
Stop Loss: 102.88
Trade Management: Great
Targets: 103.34 - 103.57
Actual Exits: 103.21, 103.34 - 103.29
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-27 15:23:45 | ROKU | buy | $103.120 | long |
2023-11-27 15:24:01 | ROKU | sell | $103.210 | long |
2023-11-27 15:27:04 | ROKU | sell | $103.340 | long |
2023-11-27 15:27:05 | ROKU | sell | $103.320 | long |
2023-11-27 15:27:12 | ROKU | sell | $103.310 | long |
2023-11-27 15:27:12 | ROKU | sell | $103.298 | 0 |
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