Broke above R1=312.3s, couldn't hold and rolled-over. VWAP bounce towards R1 was a good opportunity to re-establish size.
Re-stablished core/Tier 0 size, risking HOD=$313, added momo tiers thru loss of VWAP and S1=$311, risking the m.average for the adds, expecting new LOD and move to S3=$305-306 area.
Covered small on the way down, covered bulk at the quick flush in-front of $308, and sat tight as we got extended in larger timeframes (>5mins).
Tape remained weak, saw the quick scalp opportunity for new lows and took it.
Added one momo tier, risking very tight stop $309, wanting to cover at $307-307.5s.
Covered some at $307.5, and then buyer hit the tape with vengeance!! Hotkey-out by hitting the ask...Left a small trailer on with stop above VWAP.
Tried to reload small in-front of VWAP didn't work, and got flat as this thing started deviating from premarket thesis....
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-03-25 10:20:52 | QQQ | sell | $311.760 | short |
2021-03-25 10:21:22 | QQQ | sell | $312.110 | short |
2021-03-25 10:23:49 | QQQ | sell | $311.800 | short |
2021-03-25 10:25:09 | QQQ | sell | $311.290 | short |
2021-03-25 10:26:41 | QQQ | sell | $311.310 | short |
2021-03-25 10:26:50 | QQQ | sell | $311.090 | short |
2021-03-25 10:27:40 | QQQ | sell | $310.930 | short |
2021-03-25 10:29:11 | QQQ | sell | $310.730 | short |
2021-03-25 10:36:22 | QQQ | buy | $310.250 | short |
2021-03-25 10:43:06 | QQQ | buy | $309.750 | short |
2021-03-25 10:49:34 | QQQ | buy | $309.340 | short |
2021-03-25 10:53:53 | QQQ | buy | $308.210 | short |
2021-03-25 11:07:50 | QQQ | buy | $308.930 | short |
2021-03-25 11:20:59 | QQQ | sell | $308.400 | short |
2021-03-25 11:25:34 | QQQ | buy | $307.520 | short |
2021-03-25 11:27:18 | QQQ | buy | $308.520 | short |
2021-03-25 11:27:22 | QQQ | buy | $308.430 | short |
2021-03-25 12:08:19 | QQQ | sell | $309.940 | short |
2021-03-25 12:20:22 | QQQ | buy | $310.580 | 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!