Description
⋅ SLX back above the Macro Mid range, also back holding the local range low.
Looking for a quick scalp to local range high "target1"
If we break above and hold il start looking for longs to target 2 macro range high
Wrong below 2.76
Trade closed: stop reached
⋅ wrong wrong wrong :)
couldn't hold rage low...
FED rate hikes not helping the situation.
Lesson: don't take trades coming into FED meeting.. wait until after the fact. then short the living sheeeite out of these stocks
Comment
⋅ Turns out the idea was good but the patience was bad. Its reclaimed local-RL now and looks good.
Lesson. Stops below local swing fail and have more patience..
Trade closed: target reached
⋅ Actually played out in the end...
Ah well...
Maybe patience is a lesson here.. Hmmm.. will havce to review.