DIS Trade on Oct 1, 2019 10:12 from Cklamb: Tradervue User Stock Trades.

DIS
Intraday fundamentals
• This is still trading near the bottom of the range from the past six months
• Seems to be struggling to get back above 131
• Break down for gap fill??? Or move to the middle or the top of the range???
Technicals
ADV 8.45 M RVOL .62 ATR 2.26 BETA .97 Short 1%
Daily
Hourly

Intraday

Trading Strategy
• I still have a long bias here to run back to the middle to the top of the range before breaking down to fill the gap.
• 130.76 is the actually range marker but it is 131 that is acting more as the level and this was not able to get and prints above this level yesterday
• Flushes to 130.20 or so in the opening 15 should be longed and 129.90 used as the stop to account for volatility. Take half off if price is 1.5 x the risk. This could be tricky considering how tight this can trade.
• Long at 130.00 if it holds after a flush or taps and starts to rebound strongly this is more likely before 830
• A scalp 131.15 if he tape seems heavy look for large offers above 131 and see if you can set some risk for a move back to 130
• Short 130 if it begins to resist, consider playing as a trade2 hold very small wide stop target 120 and cash trade around that.
Reading the Tape
I did not on either entry.
Trade Management

Trade Review
• I probably top ticked this anyway, but with the hit taken after the ISM it is hard to say if this would have continued the trend that was setting up.
• I was late on the second short. But, I mange the add better I fight for price and had a trade to hold