I took this trade on the basis that price broke a trend line of 3 previous highs. but price was extended and real entry was the flag below.
big mistake not honouring the stop, thinking it would come back :( lost $192
Execution detail:
1st entry was trend line break 9.40's. 2nd entry was where u sold.
Thanks I appreciate the feedback
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!
Hey man! I played this move myself today too. Waited for the P/B and entered around .55. Ended up breaking flat. That play was tempting but watch out for chasing those big Candles! I make this mistake a lot .