IWM Trade on Jan 29, 2021 12:13 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Nailed it.

Perfect "HnL" setup on daily, rejecting previous support $212-213 and 9SMA@daily for two consecutive days. Break thru S1=yesterday's LOD=$207.5-208 gives continuation to the down-side with room up to S2=204.5-205.

Premarket plan was to let it do its thing and get short only if it lost S1=$207.5 and held below.

Held S1=$207.5 for a couple of hrs, but when I saw SPY+QQQs getting hit, the IWM midday flush to support and hard bounce to VWAP=$209, just could resist such a calculated short...

Got short Tier I after it rejected the m.average, risking super-tight stop $209.51, expecting retest of S1=LOD=$207.5 at a minumum.

Covered small in-front of S1 and sat tight to see if it would break lower.
Broke and covered most right into S2=$205.

Reloaded some at the 3rd rejection of previous support S1 and as 9SMA@15min caught up with price, covered at S2, added one momo tier after flat-line consolidation in-front of S2, expecting flush into close.

Probably asked just too much here. Closed it as it bounced higher.

(+) Executions so on-point here.
image


Execution detail:

Date/time Symbol Side Price Position
2021-01-29 12:13:39 IWM sell $209.140 short
2021-01-29 12:19:58 IWM buy $208.090 short
2021-01-29 12:21:04 IWM buy $207.650 short
2021-01-29 12:38:37 IWM buy $206.210 short
2021-01-29 12:49:01 IWM buy $205.210 short
2021-01-29 14:21:16 IWM sell $206.500 short
2021-01-29 14:32:45 IWM buy $205.085 short
2021-01-29 14:49:38 IWM sell $205.250 short
2021-01-29 15:01:46 IWM buy $206.150 0


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