Moved my SL too early and flushed out at BE.
Not a lot of volume on SPX shown until 10:02am at the TDO. NAS showed the volume kick in just before the bell and 9:32am was the actual move up.
NAS made a HL while SPX and US30 both made LL on the daily charts. Then on the 4H we saw the first up candle and price held inside of that candle with volume to the upside.
Things to improve:
Trade management, leave my SL alone, it's there for a reason. When risk is properly established then there should not be a reason to make any adjustments to it. Needed to practice a bit more patience.
Things done well:
The setup, building this hypothesis was well thought out. Both side of the possibility for a continued sell and a rejection buy were setup.
Risk management, even if I'd loss the entire trade I was only wagering 0.25% on the trade
Not a lot of volume on SPX shown until 10:02am at the TDO. NAS showed the volume kick in just before the bell and 9:32am was the actual move up.
NAS made a HL while SPX and US30 both made LL on the daily charts. Then on the 4H we saw the first up candle and price held inside of that candle with volume to the upside.
Things to improve:
Trade management, leave my SL alone, it's there for a reason. When risk is properly established then there should not be a reason to make any adjustments to it. Needed to practice a bit more patience.
Things done well:
The setup, building this hypothesis was well thought out. Both side of the possibility for a continued sell and a rejection buy were setup.
Risk management, even if I'd loss the entire trade I was only wagering 0.25% on the trade