Plan: AAPL trigger 118.00 clear break of 21 EMA and POC
Target 120.50 breakdown candle high
Target2 122.22 15MA
Target3 137.98 ATH
Wrong 117.00 break back below 21 EMA and POC
I liked where this had got to premarket as it had good potential for a quick pullback to enter. It did just that and I entered 1 18sep20 120 call at the 117 and change price point. it was floating around that number for a bit and I held. Never broke below my stop. Started to come back and go into profit then the market internals began to break to the downside and a sweep at 110 came in on flow. So I felt it would be better to get out and reposition if we did pull back . I got out and it dropped way below levels I had planned to play it on.
Entry A as it was right in line with plan
Exit A as even though I didn't wait until target or breakdown I was able to read the market internals and realize it was not the best place to be.
Happy with this trade even if it is more neutral than a gain.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-15 09:36:52 | SEP18 20 120 CALL | buy | $1.560 | long |
2020-09-15 09:54:43 | SEP18 20 120 CALL | sell | $1.650 | 0 |
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!