20070416 - AQNT - 15mins - Loss*Paper

Symbol: AQNT
Type: Long
Entry: The beginning of the 14th bar
Exit: Stopped-out during the low the 16th bar
Result: Lost -0.5%

Although (AQNT) cleared the Opening Range high, I didn't enter a trade because of those upper shadows appearing through out the morning. It was then that I drew the blue line to tell myself that if the prices rose beyond that level, I will enter 'Long.'

Well, it happened during the 14th bar, but as soon as I saw the 15th bar completed, I knew that the chances of this trade working out as 'hoped', were slim. I was stopped-out during the 16th bar.

Although this is a losing trade, I see it more of a 'test of theory.' A learning experience.