This was another FTB setup off the M30 timeframe. I zoomed into the M1 timeframe to tighten my stop. Here is the entry chart (click to enlarge). Risk was 1% of account.
and here is the exit chart which shows price just balling down like a twat and taking me out for a loss.
Analysis: The actual demand area looked decent to me with a good, if not spectacular move up from it so I was expecting the first time back to it to hold and give me a nice move up. It didn't happen obviously, but do I feel it's a bad trade? Not at this moment. Maybe in a few months when I've got more experience with this style of trading I might have a different answer but as of now I still feel it was a trade worth taking.
No comments:
Post a Comment