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!
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!
entered on a retest of support after breaking down on the 10m wasn't a strong breakdown was barely out of range seems more like a bored trade in which I "needed" to trade ended up getting chopped premiums moved quicker than expected also