Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent highs.
- TTM Squeeze: 78m / 2h
- Earnings Date: 1/22-
Reason For Entry:
- Playing the 78m / 2h chart. NOW is in a pattern of consolidation below recent highs. The TTM Squeeze has shifted momentum. Entered the trade at the buy zone for a (1/5) size position. This is a small day trade. Valid setup.
Reason For Exit:
- NOW looked weak in the first hour of the open and closed the trade as price dropped below the stop out zone.
Recap:
- Nice entry in the buy zone and the trade was valid with a setup and TTM Squeeze gaining momentum. Exit the trade as price fell below the stop zone (tomorrow is a holiday so I was planning on exiting this trade by the eod).
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-11-26 15:22:57 | 29 NOV 19 280 CALL | buy | $1.700 | long |
2019-11-27 09:53:09 | 29 NOV 19 280 CALL | sell | $0.7500 | 0 |
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