Symbol: ERIC
Type: Long
Result: Lost -0.13%
- (ERIC) was the first trade that I made after failing to spot any set-ups all morning
- I thought I missed the entry when it gapped up, away from the Opening High
- I tried to wait for an entry bar to form, assuming that the prices do not run away too quickly
- While flipping between different time-frames, I decided to try my luck on a 3mins chart when the prices exceeded the doji's (dragonfly?) at around noon
- My target was the next Fib. Level
- After my entry, the prices went up a bit further and started to consolidate, and formed a support level at $38.50
- I moved up my Protective Stop to just underneath the $38.50
- But my Stop was triggered shortly after 1pm
- But it turned out that the prices did reach my target later today
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