Symbol: BAM
Type: Long
Entry: During the 4th bar
Exit: During the 12:30 bar
Result: Gained +0.13%
- Right after the Hammer was formed on the 3rd bar, I waited till the prices have covered the Upper Shadow of the 2nd bar before entering Long
- When the prices got pushed back a little, during the 3rd bar, I was wondering if I had made the right decision
- Because the 5eMA was quite far away
- It turned out well, and when the prices consolidated around the 80% Fibonacci, I tighten my Protective Stop to just underneath the 7th bar low
- I guess my Stop was too tight!
- The Protective Stop was executed before the prices ran towards to the Opening High, which was my Primary Target
- :-(
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