JEC was an ambush trade. First leg down was yesterday afternoon sell-off. Today, it retraced a little only to find the EMA's acting as resistance. Entered short on first sign of weakness. Took off 1/4th at 5 DMA. Half at 35% FE and the remaining 1/4th at S2. JEC was extended on the daily charts and was on my watchlist.
2nd bar is an inside bar closing strong. 5 EMA was near to the entry bar. Entered long on the break of 1st bar high. Target was 100% FE of the first bar but closed the position when it formed 2 bearish like candles.
I was looking for a short entry in X. Entered short when it formed strong opposing candles and took off the support. Did not work out and ended in a loss.
Completely missed BIDU. Just posting the chart.
Completely missed BIDU. Just posting the chart.
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