This setup made my week. 5m Setups are my biggest winners, I will continue to use heavier size than average on these setups.
Setup:
5m Formation - Ascending Triangle
Entry: 4/5
Two things I would improve here, adding risk on the breakout. Competition size limits us to 500 shares per / name - should've added last 100 shares when volume confirmed breakout. Also should've taken some risk at VWAP when we held a higher low.
Exits: 3/5
Didn't fight with it once we broke 5m uptrend. I really wish I held some shares for a swing trade, my entry (139.05) was definitely protected by significant price levels - $DIS topped out at 143.5 today.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-06-13 11:32:14 | DIS | buy | $139.050 | long |
2019-06-13 11:38:44 | DIS | buy | $138.900 | long |
2019-06-13 12:12:34 | DIS | sell | $139.710 | long |
2019-06-13 12:34:36 | DIS | buy | $139.730 | long |
2019-06-13 12:44:33 | DIS | sell | $140.380 | long |
2019-06-13 13:54:37 | DIS | sell | $141.620 | long |
2019-06-13 13:58:58 | DIS | sell | $141.750 | long |
2019-06-13 13:58:59 | DIS | sell | $141.780 | 0 |
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