Trade Journal: Long CDE - 2/6/2020

6 Şub 2020

Put on a hedge trade with CDE encase markets roll over after this extended bounce. CDE is retesting the prior breakout point and 30m timeframe is showing a rounded bottom pattern. Super obvious accumulation going on in CDE near the bottom.

Long - 6.33
Stop Loss - 6.00
Target - 8.50

6 Şub 2020

Not

Oops.. I realize I put the wrong chart.
Daily chart:


30m Chart:

Nice rounded bottom and breakout on the lower timeframe. Good example of multiple timeframe technical analysis.

7 Şub 2020

İşlem kapandı: durdurma seviyesi

Tightened up stop loss yesterday and got stopped out at 6.03. This seems to be the theme in choppy markets. Continued strength in the markets made me close this hedge early unfortunately.