DE Trade on Jun 2, 2021 09:54 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

On main short-watch!! after it broke below major daily support level $368, backtested it 3 times and got rejected. I was looking for continuation to the downside, and break thru the ascending lower channel boundary (est. at Covid low).

R2=major daily resistance level=$368
R1=yesterday's support pivot=$363
S1=ascending lower channel boundary=$358-359 area
S2=20SMA@weekly=$355
S3=$350

Premarket plan was to get "short" the opening pop towards R2=$368, expecting a brutal rejection there and a complete sell-off to S1=$358-359 area.

Didn't play per plan. Opened weak and immediately flushed $5-6 thru R1 into S1. Thought I lost it, got FOMO but had mind clarity and traded properly.

Got short filler size after it broke S1, backtested the level and got rejected, risking VWAP, thinking it would consolidate/spend time below S1 until 9EMAs@larger timeframes play catch up, and then move to S2. DE was too extended at larger timeframes for me to get main size.

Stayed with filler and once it did the new LOD fake-out, I started trimming as it reclaimed levels.

Pushed to R1=yesterday's support pivot=9EMA@15min=$363, which was a decent spot to re-establish size, thinking "Desc. Triangle S1 break".

Got short filler size, risking tight stop above R1, added Tier 0 once it rolled over and crossed VWAP, risking $362 for the add, expecting another small bounce at S1, then S1 break and move to S2.

Couldn't even bounce at S1. Crossed the level and moved lower. Covered bulk at target. Remained very weak, closed at LOD, so I held 25% of size as swing short, target S3=$350.

image


Execution detail:

Date/time Symbol Side Price Position
2021-06-02 09:54:28 DE sell $358.820 short
2021-06-02 10:00:40 DE buy $360.260 short
2021-06-02 10:04:15 DE buy $360.770 short
2021-06-02 10:11:21 DE buy $361.896 0
2021-06-02 10:38:09 DE sell $361.710 short
2021-06-02 11:40:49 DE sell $360.970 short
2021-06-02 12:27:10 DE buy $359.160 short
2021-06-02 13:17:39 DE buy $357.620 short
2021-06-02 14:22:18 DE buy $356.320 short
2021-06-03 06:28:19 DE buy $355.260 short
2021-06-03 10:59:25 DE buy $361.130 0


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