FKLI Dec 05 Oops! Trade – Sell Stop Not Triggered

Trade Management

Dec 06 2005 Prices: O=877,H=883,L=874.5,C=883. For more information of Oops! setup, please refer to the following book:

My actual Entry strategy
a. I called Apex late at 8:47. Foong informed me that the price opened at 883.5. I immediately put a sell stop order at 882.5. Currently, the price is at 884.5.
b. AT 8:53am, I wanted to make sure that Foong got me right. I called Apex. Joanne informed me that the price opened 883.5 (gapped-up).
c. I asked the high and low. She told that 884.5 is the high and the low is 882.5.
d. I asked her whether my sell stop order was triggered. She told me that it was not triggered.
e. I did not check the price as I wanted to simulate at-work trading and I was outside doing other things.
f. At 10:50am, I checked the price, the price opened gapped-up at 883.5 and hit 882.5 in a short-time and moved up. It was 887 with high of 888. I felt lucky that that I called late.
h. At 12:05pm, I cancelled my sell stop order of 882.5 because the risk is more than 6 points. The current high is 890.5.

Trade executed according to plan? Yes

What I have done best:
a. I follow Oops! entry.
b. I cancel my sell stop order because the risk is more than 6 points for Oops! entryl.

What I need to improve:
a. I need to improve the script for Oops! entry as there are 5 Apex dealers with each has different call handling method.

What I have learned:
a. If there is a morning or evening shooting star with higher volume than that of previous day, there is a high possibility of reversal.