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If I could make the adjustment, i would as that would be a good spot to close the trade out, but I'm sticking with my original trade target to keep the ratios in check.
When I look back at why I entered this trade, the 240m had 2 piercing trend lines and I just used the 60m as an entry using Candlestick math, but I did not wait for a close so I used an aggressive entry.
The good thing about this trade was I did not put too much mechanical thought into the trade as I looked at a few things that got my attention, had an idea of where I wanted to enter a previous trade and when the market got up to the trigger price, I waited and then got long and already knew where my stop was at where my target would be.
Wow, what a rally into the close. Didn't see this coming as I only had a 1 lot on so I could not participate in the rest of the move but happy with what I accomplished today.
1:1.8 Risk to Reward not a bad ratio.
My exit target in some ways was pulled out of thin air as I had multiple targets using EoS, R-Zone, SL's. Its interesting how I pieced together that trade, didn't think much of the reasons, as it was a Trend Line Pierce, followed by that 15m emotional candle that got my attention.
Now I need to re-watch Space concepts lectures as I failed my quiz by 1 right answer. Don't know if Daphne calling me when I was doing the quiz had anything to do with it.
A cleaner version of the charts minus the significant levels, though I think I should have the ones I was looking at that played a factor in the trade, but man, it can get confusing again if I do it.
I used Candlestick math for the 2 red and 1 green candles at the swing low on the 60m chart.
