It shows i was disciplined in following my plan and continuing to do what i know works for me!
Price was approaching minor but what i liked about this potential setup was the fact i could have a tight stop loss, this is always the first aspect i look for, my risk!
I then started to go through my technical's and had some in a and a 1.414 inversion! legs completed in my zone and was overbought! Price printed a signalling to me some potential selling pressure!
I set my first target back into structure and my projected second target was a 0.618 of the last leg! As i mentioned on the chart i was actively managing the second position using the 5 minute and was stopped out for +24, as you can see if i hadnt of followed this rule then i would of given all my initial profits back!
I hope you take the time to read this post and understand the importance of having a plan in place and following it!
If you like this post please click the like button and comment any constructive feedback you have! Id love to hear it!