Move up was not substantial and did not demonstrate a trend. Poor job analyzing the chart and realizing what was going on.
Decent exit on the losing trade tho. Stock dipped way lower after exit.
Very good trade to take. However, emotions got the best of me. I didn't follow my plan and stopped out because I "thought" I am going to lose since I lost on the previous trade. Stopped out for -9 but it could have been a huge winner. Confirmations: 1) 30 and 15 min DBR; 2)VWAP aligning with inverse H and S. 3) Retest of 5 min demand as a result of the 15 min demand. 4) Retest of inverse H and S.
Improvements: Identified a good play
Weakness: Not a good stop loss. Not good patience. Don't assume! Your plan works and the system is great. Focus on patience!
Confirmations:-
1) 5 min RBD; 2) 15 min RBD; 3) Inverse H and S on the RBDs;4 ) Longer time trendline.
Strength: Really waited patiently and let the trade come.
Improvements: Setting stop losses at appropriate levels and obeying them! Let the heads develop a little bit more. Maybe something like what Keoni posted. See image!