Day 7 of 21

Over night session high and low very close to prev day high and low. I was looking for a move to the top of the range and some sort of retracement.

Price moved up as anticipated and I entered a short just above resistance levels without confirmation (I did get a volume spike). I was hoping to get some room for my stop. Stop set at +8 put it two ticks above R1. As price continued to move up I was worried about getting stopped out at high tick so I looked at a higher time frame (chart above) for a better level and found one at 4660....+16 ticks away!!!

Well, in hind sight my initial stop at 4652 would have held. I did not get an obvious signal to exit so I was stopped out as I moved my stop down at each intermediate high for a +5 end result.

Only regret was not waiting for a confirmation move to get in.