MA Trade on Jul 17, 2020 11:08 from spyrosz: Tradervue User Stock Trades.

Gravatar

Shared by
spyrosz

 

Showing relative strength vs overall market.
Market selling-off making new lows while MA was holding above yesterday's close=$299.3, printing a picture-perfect Double Bottom in front of support.
When market found a bid and reversed, MA pushed through VWAP.

Got long filler, added Tier 0 once it held VWAP making a higher low, risking LOD=$299.3 on the dot, expecting a push towards R1=$303. A good close above R1=$303 and I wanted to hold size for a swing, profit target around R2=$306.5.

Well that trade worked quickly and above expectations.
Took 25% in-front of R1, and another 10% at $305.
Holding rest with offers at $306-305.5 area.

image

Wow...Broke previous day's close and took-off.
No opportunity to add for the break-out of $306.5 major resistance level I was planning.

Sold some $306-306.5 area, in-front of next resistance level $310 and as it got extended towards $315.
Had an offer to sell some more at $315.5.

Big trade.

image

Took some profit premarket at $315.
MA gave back wayyy to much from yesterday's move.
Opened at $313.5 and put a low of $306.3!!!

Tried to hold as much as I could, having a stop below $307 for the swing position..
But got out by mistake when I took a reversal trade at $307.5s.

image


Execution detail:

Date/time Symbol Side Price Position
2020-07-17 11:08:50 MA buy $300.870 long
2020-07-17 11:53:43 MA buy $301.100 long
2020-07-17 14:00:10 MA sell $302.690 long
2020-07-17 15:19:23 MA sell $304.990 long
2020-07-20 10:04:08 MA sell $306.900 long
2020-07-20 10:14:36 MA sell $306.450 long
2020-07-20 10:29:07 MA sell $309.480 long
2020-07-20 13:23:36 MA sell $312.490 long
2020-07-21 07:15:16 MA sell $314.870 long
2020-07-21 12:31:46 MA sell $307.600 0


Leave a comment about this trade!

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!

View plans, Sign up for free, or Log in