Shared by
Teyrex_Trading
ONTX had a very nice volume push off the opening bell and pushed through .50 which I was then looking for it to setup over .50 with both VWAP and the trade line directly below acting as support.
Unfortunately my first entry I was using VWAP as my support and I got stopped out but noticed how strong the bounce was as buying stepped in again so I took a tier 1 entry again as the price started holding the trade line and used a new stop below the last drop.
I peeled off profits into strength for a solid win. yup I left money on the table but I'm focused on selling into strength and that's exactly what I did.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-12-30 09:34:46 | ONTX | buy | $0.5063 | long |
| 2019-12-30 09:35:58 | ONTX | buy | $0.5055 | long |
| 2019-12-30 09:38:03 | ONTX | buy | $0.5100 | long |
| 2019-12-30 09:46:17 | ONTX | sell | $0.5003 | long |
| 2019-12-30 09:47:10 | ONTX | sell | $0.4980 | long |
| 2019-12-30 09:48:45 | ONTX | sell | $0.5000 | 0 |
| 2019-12-30 09:54:06 | ONTX | buy | $0.5105 | long |
| 2019-12-30 10:26:16 | ONTX | sell | $0.5756 | long |
| 2019-12-30 10:30:10 | ONTX | sell | $0.5938 | 0 |
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