I created a blog about this and what I did to get out of the trade and minimize loss. Credit goes to Luc for his teachings (it would be nice if he can review for me :) ) and credit goes to nervisrek for the scanner tool. Let me know what you think in the blog. This is more of a learning experience for me.
https://steemit.com/trading/@oneluckyflip/beware-trading-qrl-how-i-minimized-loss-on-a-trade-gone-bad