Took two trades on RKT. The first trade I was shaken out of, which was an ORB. I exited when price broke below the open of the prior candle. Price then reversed and continued higher.
The second trade I took for a break above the resistance at 23.00 and exited slightly higher when momentum stalled. After my exit, another trade could have been taken at 11:10am when price pushed from the 9 EMA on the 5 min, creating an ABCD pattern. Exit could have been on the first 5 min new low at 11.35am.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-08-20 09:31:42 | RKT | buy | $22.759 | long |
2020-08-20 09:35:27 | RKT | sell | $22.450 | 0 |
2020-08-20 10:25:36 | RKT | buy | $23.030 | long |
2020-08-20 10:28:20 | RKT | sell | $23.178 | 0 |
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