Daily Gap down due to ER BD. PreMarket action broke through strong pivot which was retested on open and rejected. Took trade off 2 min candle as it broke through pivot zone, anticipating the ORB on the 5min. I had to use Locate App to find 200 shares to short. I was looking for a 2:1 RR with the intent of no scaling out. My share size wasn't big enough to justify scaling out. Target was the 49.88 pivot, but I didn't like the PA on Level 2 so I exited a little early. Glad I did, it never made it to that level. Good trade ... followed my plan exactly!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-10-31 09:36:12 | NKE | sell | $50.940 | short |
2016-10-31 10:39:56 | NKE | buy | $50.290 | 0 |
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nice