Nice probability trade with asymmetric risk/reward.
Comment:
Trade Reflection
Trade never activated as entry was never hit.
Target Hit: Yes
Target Trailed, why: No.
Stop Hit: no
Signal for entry: Drive toward upward channel
Trend continuation post stop breach:n/a
Risk/Reward: 1:1 if trade initiated immediately. 1:1.7 if trade hit desired entry
Poor Stop Placement: n/a
Risk %: 6.16% (if initiated immediately: 7.8%)
Reward %: 10.59% (if initiated long immediately: 7.6%)
Fundamental overlay: No
Would you take the trade today? What would you do differently?: This is a trade I should have kept an eye on much earlier. Based on the immediate risk/reward, I was too late to the game. The best I could have done otherwise was try to capture trend on a short term trading basis.
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Trade never activated as entry was never hit.
Target Hit: Yes
Target Trailed, why: No.
Stop Hit: no
Signal for entry: Drive toward upward channel
Trend continuation post stop breach:n/a
Risk/Reward: 1:1 if trade initiated immediately. 1:1.7 if trade hit desired entry
Poor Stop Placement: n/a
Risk %: 6.16% (if initiated immediately: 7.8%)
Reward %: 10.59% (if initiated long immediately: 7.6%)
Fundamental overlay: No
Would you take the trade today? What would you do differently?: This is a trade I should have kept an eye on much earlier. Based on the immediate risk/reward, I was too late to the game. The best I could have done otherwise was try to capture trend on a short term trading basis.