Chasing Feedback/Opinions/Insight
Hey Team!! Just looking for some fresh eyes on where I went wrong in the set up for this trade as it ended up going as predicted but I got stopped out early. Micro S&P500 Trend is UP. Set my Support and Resistance on the 15m time frame and watching for a good chunk of today while it was accumulating and building momentum. Confirmed movements on the 1h timeframe. Entered on the 5m timeframe once I had a confirmation close above the EMA (was slightly early but it was moving as expected). 2:1 risk on a micro contract. Then was stopped out for it to just continue on as planned and even go beyond the 2:1 take profit I had set. Did I just jump the gun and enter too early? Did I set my stop loss too short? or what??? Any feedback or insight would be dope!!