The candles in the M do look much chunkier on Price when viewed on full screen - go and have a look if you don't believe me!
The difference between Pt2 and Pt3 was just over 1, so it just passed the internal check. With all the other WMs so far, this has not been an issue.
Nice high max RSI but only a touch on the Upper Bollinger by Price.
Entry was from RSI hitting 71.1 i.e. 1 below Pt2 which was @ 72.1.
Price equivalent just below 4500.
Risk very small - look where the top of the M is on price.
Reward potential very good - look where the middle Bollinger line is.
The rest is history, IMO a very simple trade to run whatever your personal style.
How about loading up the 23 min chart, it should still be there today and tomorrow.
What happened when it first hit the middle Bolliger line?
What happened when it hit the Lower Bollinger Band? And after that.....?
Put some Fib levels on using the maximum drop from the top and see how they could have been used to run the last bit of the trade.....
With the benefit of hindsight, we can all maximise the return from a trade. In reality it's about getting the balance right between protecting profit and giving it room to breathe. I like to split my trades and give myself the chance to do both.
cheers theory
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