Price support bounce on daily at 106,went r/g and ORB.Scaled out a little into the 110 spike.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-08-21 09:40:53 | NFLX | buy | $106.790 | long |
2015-08-21 09:41:45 | NFLX | sell | $107.900 | long |
2015-08-21 09:45:24 | NFLX | buy | $107.350 | long |
2015-08-21 09:47:16 | NFLX | sell | $108.310 | long |
2015-08-21 09:47:57 | NFLX | sell | $108.900 | long |
2015-08-21 09:50:08 | NFLX | sell | $109.880 | 0 |
It bounced on support on daily on 106,my experience with bounces(price,20 dma etc.) has been r/g plays or a 1-2-3 setups.
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Be careful with these. It's not an ORB as defined by BOWS classes and it's definitely not a R/G as it never when green all day. I'm not saying it was a bad trade.. clearly very nice and nice scale-outs. Only calling attention in-case there is something about those setups that you are missing.