Shared by
Mance_Trader
Conclusion: Be careful when a setup occurs just below HoD Resistance.
Price wasn't ready to break the HoD resistance, yet.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-11 11:33:49 | CODX | buy | $13.290 | long |
| 2020-09-11 11:33:50 | CODX | buy | $13.300 | long |
| 2020-09-11 11:35:50 | CODX | sell | $13.130 | 0 |
Comments
dodge-trader
higher low .....opps
Mance_Trader
@dodgy, thanks for your comment. I actually got into this stock a little later again, and made some decent wins.
Did you wait because this setup occurred right below HoD resistance? If not, why did you wait?
Good luck out there.
dodge-trader
@Mance_Trader, no problem.
I wasn't supposed to wait to be honest but I'm battling my own demons at the moment. I manage to talk myself out of a trade and miss the trigger point I set myself but trying to iron that out.
Actually liked the setup wasn't to low it was perfect, and was playing for morning high 13.60 and was going to trail a bit in case there was a push higher.
Thanks and good luck to you too, I also noticed we both traded VXRT yesterday too, I may comment on that on. I fat fingered that and covered all my position by accident only wanted to take off half.
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!
It was a good setup, shame you wasn't 10 mins later. Only needed to hold 1 more higher lower on the 5 min before breaking out. I nearly got suckered into that early breakout too. Traded the same ticker except I was a little later, little to late to be fair should of had the $13.29's - $13.30's but bottled it and bought higher price (piked it) so just a quick scalp for me.