Shared by
diemo
Big Picture
SPY pulls back to recent consolidation level
Intraday
DUK - earnings day - gap up over ATH
Idea
Entry when price gets above VWAP and holds
Execution
Anticipated the small pullback above on VWAP for entry. Sold and bought on highs and lows. @11:10am it seemed as the price couldn't form new highs. But less volume on the sellers side gave confidence.
Rating
9/10
- Maybe the sign of weakness at 11:10am should have gave me a warning. Better get out when former TP was reached.
Chart
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-10 10:38:00 | DUK | buy | $102.320 | long |
| 2021-05-10 10:47:00 | DUK | sell | $102.860 | long |
| 2021-05-10 10:56:00 | DUK | buy | $102.520 | long |
| 2021-05-10 11:16:00 | DUK | sell | $102.840 | long |
| 2021-05-10 11:32:00 | DUK | buy | $102.660 | long |
| 2021-05-10 11:56:00 | DUK | sell | $102.470 | 0 |
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