Good entry, could have sized up a bit and gone for 1:1.
If taking smaller trades, size up instead of looking for higher RVR.
1:1 RVR is what im looking for!
trebuia sa iau 50 de centi...
initial, cind am deschis poza, am asteptat sa cada mai mult.
There was no strategy here. I just anticipated that the price will plow through VWAP, 21 EMA and pre-market high so I went long here but the resistance, obviously, was too strong and I got stopped out.
I took a bigger loss. I should've exited when price held below previous day close and also below a major support.
This was a quick trade but wasn't a good trade.
The price was stuck between a short range between pre-market high and a level that I marked of of daily.
Also the price was almost running into VWAP, 21 EMA and pre-market high resistance so this is why going long here was a bad idea.