TRADING FLAT AND SLOW SPIKE AND CHANNEL

Higher Low after Second Entry Long (2EL) - Loss

I took a higher low that confirmed a second entry long after two legs of correction. The context at the time was a spike and channel, but both the structure and the 21 EMA were very flat. Still, I decided to take a chance, thinking that since price had pushed back above the EMA, we might get a retest of the highs following the earlier breakout.

The signal bar was small, so the risk was limited to just 2.25 points, which made it a more attractive setup despite the weak momentum. Unfortunately, the trade didn’t work out. The market was extremely slow, and there just wasn’t enough strength to carry the move higher.

• 24 Contracts across 24 PA-Accounts

• Total Result: -$2624.04

• Scalp Target: -2.25 pts. (24 Contracts)

• Runner: No runner used

• MAE: -2.25 pts. | MFE: +1.00 pts.

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