SABR Trade on Apr 13, 2020 11:20 from slowelim: Tradervue User Stock Trades.

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slowelim

 

Trend Analysis & Price Action:
Primary Trend: Expansion zone (trade the price action with).
Went long off of a 15 minute 3bp bottoming tail setup.
2/2.
Multiple Time Frame Analysis:
Hourly: gap down into parabolic sell into formation of huge hourly bottoming tail.
15 min chart: 15 minute chart 3BP with bottoming tail as first bar.
5 min chart: bottoming tail represents a 5 minute BREAKOUT setup.
2 min chart: breakout sequence.
1/1.
Confluence Analysis (Not 100% necessary, but good to have!):
-Hourly huge bottoming tail
-gap down into parabolic selling (overextended)
-15 min 3bp setup long
-super breakout pattern setup on the 2 min chart.
1/1.
Thought Process:
We decided to trade this 15 minute 3BP setup with the 2R AON trade approach.
We entered off of the breach of high of the 3bp setup and set our stop-loss @ the low of the 2nd candlestick in the 3bp sequence.
1/1.
Trade Score (out of 5):
5/5 .


Execution detail:

Date/time Symbol Side Price Position
2020-04-13 11:20:03 SABR sell $5.620 short
2020-04-13 11:20:03 SABR sell $5.620 short
2020-04-13 11:20:03 SABR sell $5.620 short
2020-04-13 11:20:03 SABR sell $5.620 short
2020-04-13 11:20:03 SABR sell $5.620 short
2020-04-13 11:34:02 SABR buy $5.430 0


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