Disliked{quote} There is one from February or early March that is better where my TP was hit to the tick and then price went the other way(have to check my journal I don't usually post my trades here). But what I don't like is that I should've put my stop to BE+1 and then waited for a 1:1 completion or extended targets and lock in after a new NSL is created. Like I said it dropped like a stone and my #1 instinct was to lock in as much as possible.
Ignored
You are already in so much profit, you caught a nice move. Price dumped and created a super strong NSL, however it was bot back up almost to a full retrace (so what does this say?). Then price dumped again (where you entered your short). You know it's coming up to a demand zone after a very deep retracement so there is buying strength.
Ok so you set it to a b/e1 and want to let it ride... for what? You're essentially saying you're ok with giving back all of your captured profit (red) in order to capture the rest of the 1:1 (green).
I understand we have a process to follow here but sometimes you need to look at the setup and ask yourself if it's reasonable to let a trade play out a certain way.
Is it reasonable to give back all of your profit in order to try and capture the the tiny amount of move that's left of the 1:1 and possible lower targets? In this scenario hell no, IMO. There's no guarantee that price was going to hit lower targets after the way that it bounced and almost hit a 100% retrace. PA here shows that the NSL and possible lower targets are low probability.
In this scenario IMO you played it just right - tighten up going into demand and let it ride from there or just bail with your profit at demand test.