Shares traded: 200
Closed Gross P&L: $41.00
There was a technical call on breakout. There was no significant news to support the move.
Reading the Tape
It looked to me like the tape was heavy on the first touch of 110.50. It got a little stronger around 110 to 110.20. But got heavy again.
• The losing trade was the best trade of the day.
• First trade needed to be when I thought the tape was heavy 110.20 to 110 or for a candle to close to close underneath the MA( better to define risk playing for reversals)
• Breaks from the MA may have some edge for me
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