Yesterday managed to close just in-front of major resistance level $18.25.
Premarket was consolidating above that level.
Plan as follows:
a) BULLISH as long as it trades/holds above S2=$18 (major level from previous day).
b) (P) Strength+Consolidation-->Breakout
c) (S) Bullish Bias - Holding Support at S2=$18
Expected either a flush to S2=$18 at open, or hold above S1=$18.25 (yesterday's close/major daily level) and a rally to next resistance R1=$18.8.
Got long filler size after it held above S1=$18.25 at open, risking below S2.
It was looking good, and I thought of adding as it started pushing higher, but suddenly flushed 30c, broke below S2=$18, and stopped me out.
Then, immediatelly bounced and reclaimed S1=$18.25 again.
Got long Tier 0, added Tier I when it tested and held above S1, risking LOD, expecting the break of HOD=premarket high=$18.4 and a push to R1=$18.8
Profits on the way to R1, all-out by hotkey mistake.
Tried a "Price Discovery" trade later, as the seller at $18.8 seemed to go away, very nice 15/30min charts (Indy long).
Didn't work and stopped out quickly.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-29 09:32:38 | SNAP | buy | $18.320 | long |
2020-05-29 09:34:38 | SNAP | sell | $17.934 | 0 |
2020-05-29 09:38:11 | SNAP | buy | $18.290 | long |
2020-05-29 09:38:15 | SNAP | buy | $18.310 | long |
2020-05-29 09:42:25 | SNAP | buy | $18.300 | long |
2020-05-29 09:44:27 | SNAP | buy | $18.360 | long |
2020-05-29 09:46:48 | SNAP | sell | $18.470 | long |
2020-05-29 09:47:36 | SNAP | sell | $18.540 | long |
2020-05-29 09:58:04 | SNAP | sell | $18.655 | long |
2020-05-29 10:00:14 | SNAP | sell | $18.740 | long |
2020-05-29 10:09:17 | SNAP | sell | $18.770 | long |
2020-05-29 10:20:37 | SNAP | sell | $18.775 | long |
2020-05-29 10:37:03 | SNAP | sell | $18.750 | 0 |
2020-05-29 11:53:19 | SNAP | buy | $18.810 | long |
2020-05-29 12:35:28 | SNAP | sell | $18.750 | 0 |
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