Symbol: AKAM
Type: Long
Result: Gained +1.52R
- Ooooouuuccchh!
- This hurts! Why? Read on...
- AKAM gapped up today but the first bar painted a long upper tail
- I gave up on AKAM in the beginning, but I couldn't spot any other decent setups, and when I reviewed AKAM again, the 7th bar, Inside, caught my attention
- I thought about entering Long, but chose not to because the 5eMA was just too far away
- The next 2 bars went all the way up to the 119% Fib., and I thought I just missed this one
- But prices came back down and since I still couldn't find anything decent to pay attention to, I turned my focus on AKAM
- When the 11:50 bar painted an Inside-NR7 combo, I decided to set a Stop Entry 2 ticks above the opening high
- I wasn't too confident in this trade because of the previous Resistance at the 119% Fib.
- But my entry was filled soon after, and the prices basically moved sideway in narrow range
- By 1300hrs, the prices started to rise!
- I wanted to exit half of my position when the prices reached the 119% Fib., but I accidentally exited my entire position! (This is where the 'ouch' came from!)
- As you can see, the prices continued to rise to reach my secondary target!
- It hurts! But hey, I didn't lose money, so I'm still happy!
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