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Nov 26, 2019 15:22


TTM 78m TTM 2h Day Trade

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.

- 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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