Symbol: AA
Type: Long
Entry: The 10th bar
Exit: The 11th bar
Result: Lost -0.38%
- Again, I am not too sure what went wrong here
- I believe this setup is similar to the setup below, and my entry didn't have any spike in volume
- Please feel free to post your observation. I do want to hear criticism from someone. I want to know/learn what went wrong
I dont trade these type of setups but here are my observations.
ReplyDelete1. The first bar was very weak. You should look for stocks that have a very strong opening bar.
2. Bars 4-6 all had long upper tails which is bearish.
3. Your entry bar was not a strong candle, looks like a doji. You want to enter on strong candle that have no upper tails.
You should study wall st warriors charts and rules.
Hope this helps.
Bubs