Not on main watch for a break-out. If anything I had placed bids lower expecting a sell-off towards the previous weekly break-out level=$87-88 to catch a reversal.
Alert hit when it tagged R1=$93 at the open, which was where it was failing for 2 consecutive weeks. I didn't expect that at all. Saw the picture-perfect bull-flag below R1,
got long filler risking LOD=$91.2s, quickly added Tier 0 as it started resolving the pattern to the upside, tightening stop below bottom of consolidation $92, expecting the break thru R1=$93 and the push to R2=$95.
Sold small at the push to $94, more at target.
Still in with 1/3, stop below $93, target $98, then new highs >$100.
(+) Nice trading and entries..!
(-) Should have added momo tier thru R1.
Terrible decision to close it because "I think market is due for a pullback", when it actually tested and held R1=$93 which was a) yesterday's major break-out level, b) proper stop for the swing-size.
If anything a) I should have traded the pullback to R1=$93 for the bounce to R2=$95, b) at least hold a 10-15% of swing-size as potential investment risking
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-01-07 09:47:09 | AMD | buy | $92.580 | long |
2021-01-07 09:47:14 | AMD | buy | $92.590 | long |
2021-01-07 09:52:04 | AMD | buy | $92.700 | long |
2021-01-07 10:03:18 | AMD | sell | $93.430 | long |
2021-01-07 10:08:30 | AMD | sell | $93.850 | long |
2021-01-07 10:23:44 | AMD | sell | $93.730 | long |
2021-01-07 11:02:28 | AMD | sell | $94.280 | long |
2021-01-07 11:07:51 | AMD | sell | $94.430 | long |
2021-01-07 11:14:03 | AMD | sell | $94.510 | long |
2021-01-07 11:21:27 | AMD | sell | $94.740 | long |
2021-01-07 11:22:44 | AMD | sell | $94.890 | long |
2021-01-08 08:21:34 | AMD | sell | $95.700 | long |
2021-01-08 08:46:30 | AMD | sell | $95.930 | long |
2021-01-08 10:33:10 | AMD | sell | $93.950 | long |
2021-01-08 10:51:54 | AMD | sell | $94.500 | long |
2021-01-08 10:51:54 | AMD | sell | $94.500 | long |
2021-01-08 10:51:54 | AMD | sell | $94.500 | long |
2021-01-08 10:51:54 | AMD | sell | $94.500 | long |
2021-01-08 11:07:23 | AMD | sell | $94.310 | 0 |
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