Setup: Y-Close Reversal / Failure.
Entry Activator: Long wicks + bearish candles at Y-Close. Sellers on tape.
Size: 1000 Shares risking $100. Stop above a new high.
Exit Reason 1 & 2: Buyers on tape
Exit Reason 3: Reached target
Exit Reason 4: Formed reversal off target.
Commentary: Trade was made too easy by the sellers on the tape towards the highs.
Wish I risked more as my confidence during the trade was very high. Target was pre-defined.
I patiently waited for the reversal to happen AT my level, exited full position WITH EVIDENCE -- not speculation.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-07 09:36:11 | MU | sell | $37.940 | short |
2019-03-07 09:38:09 | MU | sell | $37.800 | short |
2019-03-07 09:42:02 | MU | buy | $37.360 | short |
2019-03-07 09:42:59 | MU | buy | $37.320 | short |
2019-03-07 09:45:49 | MU | buy | $37.190 | short |
2019-03-07 09:47:03 | MU | buy | $37.280 | 0 |
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