Shared by
dpaleo
Tags:
Earnings
Fade
nice patient entry on back side.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2020-09-01 10:10:01 | ZM | -100 | $471.060 | -100 |
| 2020-09-01 10:11:18 | ZM | -100 | $466.840 | -200 |
| 2020-09-01 10:14:52 | ZM | 100 | $462.330 | -100 |
| 2020-09-01 10:14:58 | ZM | -100 | $463.060 | -200 |
| 2020-09-01 10:16:16 | ZM | 31 | $460.080 | -169 |
| 2020-09-01 10:16:16 | ZM | 69 | $460.080 | -100 |
| 2020-09-01 10:16:28 | ZM | 100 | $458.750 | 0 |
Comments
dpaleo
2020-09-03 13:44:01
Exactly Raw-T. The 10:00 5min candle is what provided the extension and the look that it was getting a bit climax-y. Since there was no great extension bar on 1min which i would normally use for a left side entry, I waited for the 5min inverted hammer with stop at new high.
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So Dp, on a strong earnings day for ZM like today, and also the big gap up, is the 5 min chart your main indicator for the short set up? So your looking for big push away from the 9ema on the 5 min chart, looking for over extension to the upside, and waiting for the 5 min to signal a sell off? I see on the chart you took it right after an inverted hammer on the 5min. Of course, after the 5 min showed over extension to the upside.