Setup:
Flow is up
Major and Minor swings
Swing expansion
Pivot component takes out controlling sellers
Entry:
Re-test 50% of the gap
Stop:
Under 3 bars hard
Target:
3:1 RR higher high
Flow is up
Major and Minor swings
Swing expansion
Pivot component takes out controlling sellers
Entry:
Re-test 50% of the gap
Stop:
Under 3 bars hard
Target:
3:1 RR higher high
Comment:
Order filled
Comment:
Close shave, but still in the trade.
Lesson:
The importance of using structure to hide stops
Lesson:
The importance of using structure to hide stops
Trade closed: stop reached:
Moved to break even