Been a bit since my last ETH chart. On that chart I crudely mapped out a retest of the level at 1233 with some arrows. It's never a given in this game, but I had hoped for some time and space and it wound form a first time back to a level for a retest. As I'm only a sometimes trader I didn't get filled on it as it just missed. When I got to the computer it was too far away for me to feel comfortable entering. Onwards to the next I go. Suppose that is the lament of a part time trader.
As price moved away from that area up for around 1305 I prepared to wait for a SFP to form from that prior level touch. And here we are. I'm filled, sitting watching.
We'll see how this turns out.
Commento:
Closed. Price not moving away from the area with any conviction. Made about 2 bucks per ETH. LOL.
Commento:
Journaled into missed trades this AM. Probably would have been stopped out on a moved up stop at ~1250 if I stayed active in the trade.
Journal review will have notes that I was uncomfortable as price was stabbing above but not moving above ~1235 for quite a few 1 hour candles. That said, there was a series of higher lows too which I feel (in hindsight review) I didn't place any emphasis on. Compounding factor was also I was expecting to be away from the computer for several hours.
Congrats if you got it. On to the next.
Journal review will have notes that I was uncomfortable as price was stabbing above but not moving above ~1235 for quite a few 1 hour candles. That said, there was a series of higher lows too which I feel (in hindsight review) I didn't place any emphasis on. Compounding factor was also I was expecting to be away from the computer for several hours.
Congrats if you got it. On to the next.