I was watching AMD and TAP today due to high churn ORs. There was some volume support at the lows on AMD and it was much less spready than TAP so I focused on it. (I think overall market volume and liquidity was lower today due to yesterday's holiday.) AMD 5' gave a nice candle and vol signal, so I entered part over the 5' and part over the 15'. Breakout attempts kept getting sold into, as could be seen in the candle behavior (see 5' TTs) and the tape. Also, RelVolRg indicated 15' resistance as it tried to break out. I trailed part under the 15' and part a bit tighter under the 5' low, and both trailed out for a small 1/3R loser. Well managed on the stops, though I oversized it a bit due to 2nd entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-26 09:55:09 | AMD | buy | $47.100 | long |
2019-12-26 10:02:01 | AMD | buy | $47.190 | long |
2019-12-26 10:21:57 | AMD | sell | $47.070 | long |
2019-12-26 10:23:01 | AMD | sell | $47.040 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!