Shared by
JustAPenguin
Trade 1: market weak on opening, enter bit too early, expecting it to reverse to 20MA, to my surprise it dip below VWAP. 1.5R profit
Trade 2: try short at VWAP but it bounce above it. Loss 1R
Trade 3: with market failed to form new high, retry short at VWAP again, exit on consolidation. 0R
Trade 4: finally dip below VWAP, reshorted when price retested VWAP. It then just dipped into a black hole... Exit when it reached yesterday resistance line.
Thought 5R is the limit and today i just broke 10R profit!!
Very easy to play, support and resistance line follow strictly to Fibonacci retracement.
On 15min chart, stock follow strictly to price action.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-28 09:35:01 | AMC | sell | $34.800 | short |
| 2021-05-28 09:40:57 | AMC | buy | $33.800 | 0 |
| 2021-05-28 09:44:45 | AMC | sell | $32.600 | short |
| 2021-05-28 09:53:08 | AMC | buy | $33.550 | 0 |
| 2021-05-28 09:57:47 | AMC | sell | $32.600 | short |
| 2021-05-28 10:12:39 | AMC | buy | $32.600 | 0 |
| 2021-05-28 10:17:15 | AMC | sell | $32.390 | short |
| 2021-05-28 12:01:00 | AMC | buy | $25.600 | 0 |
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