Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 78m and 2h
- Earnings Date: 2/5-
Reason For Entry:
- Playing the 78m chart / 2h chart. Day Trade. ROKU is in a nice uptrend/consolidation below recent highs. It is honoring the 21ema and entered the trade just below the 8ema and over the 21ema. Small position (1/4 size)
- Added 1 contract to position as price retraced to the buy zone (8ema).
Reason For Exit:
- Out 1 contract at the 78.6% resistance level. (fat fingered this one as I planned to close 2 contracts).
- Out 2 contracts at the new high resistance level.
Recap:
- Nice entry and added to my position at the buy zone. Exited the position in 2 transactions at the 78.6% resistance level and the new high resistance level. Nice day trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-25 11:43:54 | 29 NOV 19 165 CALL | buy | $1.530 | long |
2019-11-26 09:56:37 | 29 NOV 19 165 CALL | buy | $1.000 | long |
2019-11-26 10:37:05 | 29 NOV 19 165 CALL | sell | $1.550 | long |
2019-11-26 10:50:44 | 29 NOV 19 165 CALL | sell | $1.750 | 0 |
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