Shared by
beno
Technical Analysis – Long Term
-Downtrend from 2017 highs of $27
Technical Analysis – Intraday
-Broke above PM highs on first 3min candle
-Uptrend since morning similar to SPY / IWM
-Steady volume all day
Catalysts / News
-No company specific news or filings
-Could be good market sentiment towards US/China trade
Original Plan / Strategy
Short the pops near resistance levels (3.50, 3.70) and try washout longs if levels are broken then retested.
Review
First washout long I wasn't patient enough and got stopped out before the move. The next two trades (short at 3.50 and long at 3.50 from above) I was more patient and waited to execute the trades near technical levels on the daily chart.
Grade: B
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-10-25 10:18:06 | XNET | buy | $3.230 | long |
| 2019-10-25 10:21:11 | XNET | sell | $3.160 | 0 |
| 2019-10-25 10:33:49 | XNET | sell | $3.490 | short |
| 2019-10-25 10:34:08 | XNET | buy | $3.430 | 0 |
| 2019-10-25 11:13:53 | XNET | buy | $3.520 | long |
| 2019-10-25 11:19:42 | XNET | sell | $3.690 | long |
| 2019-10-25 11:34:43 | XNET | sell | $3.540 | 0 |
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