Symbol: PBR
Type: Long
Result: Lost -1R
- A Hammer was painted during the 10:30 bar
- With the 5eMA relatively nearby, I decided to enter Long when the prices on the next bar breaks the high of the Hammer
- My initial target is the Day High, while the Protective Stop was set to just underneath the Hammer
- Don't know what happened, but during the 11:00 bar, almost all the stocks on my screen began to drop
- The Dow actually dropped 30 points during that period too!
- And during this time, my Stop was triggered
- I thought about re-entering right after the 11am bar completed
- But that Upper Shadow formed at the 10:45 candle (see chart below) turned me away
- More importantly, I have tons of meetings today so I won't be able to pay much attention to it
- Below is the full-day chart for review
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