Shared by
annertrader
The set-up: Following the rally, i had earmarked the 80.78 level as a potential resisrance and turing point (See chart #1 below)
What I did Right: I waited for confirmation and entered Short with 4 contracts and used the Fibonacci levels as guides for TP (See chart #2 below)
What I did Wrong: I lost my nerves at the last target and flattened too early this missing another 25 ticks.
Where I could improve: HODL, have faith in my trading system
Trade grade: A
What I was waiting for: 161.8% projection.
My trade:
Post-mortem:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-03-01 17:01:02 | CLJ4 | sell | $80.73 | short |
| 2024-03-01 17:01:02 | CLJ4 | sell | $80.74 | short |
| 2024-03-01 17:01:08 | CLJ4 | buy | $80.75 | 0 |
| 2024-03-01 17:01:15 | CLJ4 | sell | $80.75 | short |
| 2024-03-01 17:01:15 | CLJ4 | sell | $80.74 | short |
| 2024-03-01 17:03:52 | CLJ4 | buy | $80.67 | short |
| 2024-03-01 17:08:34 | CLJ4 | buy | $80.58 | short |
| 2024-03-01 17:11:02 | CLJ4 | buy | $80.34 | short |
| 2024-03-01 17:20:49 | CLJ4 | buy | $80.33 | 0 |
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