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Nov 8, 2019 10:55


Parabolic Short SIM Scalping

Technical Analysis

-Downtrend from mid 2017
-Was at all time lows last week
-Catalyst day 1 gapped up and had inside day
Catalyst day 2 (today) ripped higher all day testing all resistance lines from August and September

Catalysts / News

-Earnings: surprise, Smaller than expected Q3 loss, Revenues beat

Original Plan / Strategy

Noticed PA mid-day going parabolic on the 15 minute chart, want to short on resistance lines from daily, $5.50 was a nice half dollar level that was in the middle on the August and September range, offers were stacked on the level 2 at that spot as well.


Got short at 5.45 and covered half when it spiked down on the next candle. Held other half to see if down move would continue, covered when price dipped below 5.20 intraday technical level.

Execution detail:

Date/time Symbol Side Price Position
2019-11-08 10:55:50 CLVS sell $5.450 short
2019-11-08 11:02:35 CLVS buy $5.320 short
2019-11-08 11:07:48 CLVS buy $5.170 0


2019-11-12 00:47:53

nice dude. a high risk thou it's against the trend

2019-11-12 07:32:44

Of course, but I followed my plan ;)

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