Remember, though, you can't go short until you're out of the long. And "the drill" is getting out when the DL is broken. In this case, 88.
I know I cant stop feeling I made a poor call around 10:04, this was an interesting turn of events. 10:19 You are right I did not follow the drill, the exit was at 88. I have to leave my desk early today. Take care and see you tomorrow.
For those who hung around, there was a short trigger at 1014. This was stopped out at 1016. After that, there was a supply line break at 1027. No long trigger. 1031, demand line break. 1037, short trigger. 1038, new swing low. Edit: 1047, supply line break, exit at BE. 1048. Marginal DL break. 1050. Re-enter short. 1054. 1047 SL broken. Exit short. 1057. Since the 1028 SL is still intact, a short could be entered here, but it's almost 1100. 1058. And a short, if taken, would be exited. Those who are interested can figure out the P&L for themselves.
I marked my entry and exit (the one that was too late) with the triangles. The trades described by Db were marked with squares for entries and diamonds for exits.
Well, 20 minutes for the open and we are within the TR, just bounced off 75 and broke the DL from 4:44
9:15 Sl broken + RET. No entry taken at 71.75. 9:18 DL broken 9:25 not going anywhere. Guess waiting for the open.
9:34 short 66.75 SL valid 9:40 SL fanned 9:41 SL fanned in 9:46 Long at 64 (SAR) 9:50 Long closed, did not short. I guess the way to go was SAR at 62.75 but I was not ready for that. 9:56 SL broken, and we hit the bottom of the TR at 59. 10:00 VREV no entry so far on the long side. 10:03 Long at 66.50