Alert hit when it flushed to the all-important previous break-out $57 level.
Thought it would hold support and put an RDR reversal candle, reclaiming yesterday's low & close=$58.5. Wanted to buy in-front of the S1=$57 support, sell some at the bounce, add throught the break/reclaim of yesterday's close & low.
DON'T BE A SUCCKER = TECHNICAL REVERSAL ON THE 15MIN + FLUSH THROUGH SUPPORT
- Got long filler size, risking wide stop 1% of price $56.5s, sitting tight, waiting for the pattern to form.
- Added more when EMAs@1min chart crossed each other for the 1st time
- Added one more time when it held LOD for the 2nd time putting the "Double Bottom" & EMAs@1min chart crossed again, moving stop to LOD=$56.75.
Sold 50% of the position during the push to VWAP, held remaining as a swing since:
- I was already green on the name
- Had 50% of size on
- Closed relatively well above $57 support and VWAP
Tried to push at the open, but got rejected at R1=$58.7 and rolled over.
Stopped out of the last 50% when it broke the all-important $57 level.
Closed at $52. Ouch:/
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-21 11:13:58 | LMND | buy | $57.100 | long |
2020-10-21 11:44:31 | LMND | buy | $57.710 | long |
2020-10-21 12:46:12 | LMND | buy | $57.340 | long |
2020-10-21 14:40:57 | LMND | sell | $57.920 | long |
2020-10-21 14:45:27 | LMND | sell | $57.920 | long |
2020-10-21 14:55:19 | LMND | sell | $57.980 | long |
2020-10-21 15:05:45 | LMND | sell | $57.860 | long |
2020-10-21 15:32:57 | LMND | sell | $57.860 | long |
2020-10-22 10:21:03 | LMND | sell | $56.570 | long |
2020-10-22 10:21:03 | LMND | sell | $56.600 | 0 |
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