B Setup... A+ Trade MGMT = ONE GOOD trade
The picture perfect setup for resistance play was at 25.30/40's... but I missed that because I was already short and didn't have any more risk to add.
But finally when price got back down to 25 and sellers just kept refreshing on the offers below VWAP... I took a starter short..
And then when it broke 25 on volume I added... and then I added another tier on the first lower high.
So although I missed the first half of the move... I caught the 2nd half and managed it well... used 30m chart to find next support level and also figured measured move from 25.4 -? 25 would be around 24.60's.
Trade worked out well.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-03-27 11:05:53 | AMD | sell | $24.990 | short |
2019-03-27 11:12:20 | AMD | sell | $24.950 | short |
2019-03-27 11:23:59 | AMD | sell | $24.900 | short |
2019-03-27 11:33:05 | AMD | buy | $24.730 | short |
2019-03-27 11:36:00 | AMD | buy | $24.700 | short |
2019-03-27 11:45:43 | AMD | buy | $24.640 | 0 |
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