Shared by
dpaleo
Tags:
opening range broke to downside but no follow thru
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2021-07-28 10:00:28 | BA | -198 | $233.000 | -198 |
| 2021-07-28 10:00:28 | BA | -2 | $233.010 | -200 |
| 2021-07-28 10:00:28 | BA | -100 | $233.030 | -300 |
| 2021-07-28 10:13:59 | BA | -100 | $232.130 | -400 |
| 2021-07-28 10:41:11 | BA | 100 | $234.630 | -300 |
| 2021-07-28 10:45:50 | BA | 100 | $235.070 | -200 |
| 2021-07-28 10:45:50 | BA | 145 | $235.080 | -55 |
| 2021-07-28 10:45:50 | BA | 55 | $235.100 | 0 |
Comments
dpaleo
Shorting gap ups is my bread and butter. Stock made a high off the open and closed on low so shorting gap up > buying gap up.
I guess the better entry was on the 9:36 1min bar which looking at it now was a reject by the 200day. But the 9:53 1min bar is higher probability signal imo bc after vwap broke at 9:45 it acted as resistance for next 7mins. Also now you have a gap up that couldnt hold the opening print so odds were in shorts favor. Couldnt get any downside follow-thru.
tradervue2020
Great analysis. Thanks for sharing. "Stock made a high off the open and closed on low" : Are you referring to the 9:30 1m candle? Just want to make sure.
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Why did you shorted a gap up? The short would had worked if you would had done it right away when it broke vwap but your entry was too late ;-;