FDX Trade on Jul 21, 2020 09:59 from spyrosz: Tradervue User Stock Trades.

Showing relative strength vs the market, pressing against major resistance level R1=$167.
Above R1, open road to R2=$170-170 area and gap-fill on daily.

Setup was looking really good, esp. on the 15min chart. Rally to R1=$167 on increasing volume, pullback to VWAP and ascending 9EMA@15min chart that held support.
Great Indy-long pattern.

Got long filler, risking bottom of pullback to VWAP $165.4s, wanting to add more either at a 2nd pullback to 9EMA@15min chart or in case of break+hold above R1.

FDX was extended on the larger timeframes so it couldn't clear such important resistance. It needed a bit more consolidation before the 3rd attempt.
Made a 2nd pullback towards the 9EMA@15min that held support oncce again, putting a higher low. It became clear it was printing an asc. triangle below the resistance level.

Doubled the position, risking $166 on the dot, expecting the break of R1=$167 and a move towards $168-169 at a minimum. Put offers above R1.

FDX broke above R1=$167, held and pushed higher. Sold some (about 30% of position) close to $167.5s, held remaining for higher prices as trade was looking great.

Rolled over and stopped me out below VWAP.
Trade with great potential. Papercut loss. Great risk management.