Shared by
mrideout
Daily:
Price levels: 39.57, 37.61,
Inst. Ownership: 35.20%
ATR: 2.38
AVOL: 44.2M
VOL: 55.8M
Float: 960.45M
Short float: 6.31%
Intraday:
After exiting my short trade, I flipped long after a wide spread bullish candle breaking through vwap. Price consolidated just below the 200 ema on the 5 min chart, with multiple tests of the 9 ema on the 5. This indicated demand to me, however price then sold off and I exited at vwap.
areas of improvement
- After the big bullish candle, wait for the consolidation to finish, and then enter. This may mean waiting for the 9 ema on the 5 to pass through (golden cross) vwap before you enter.
- Also look for a retest of vwap after it breaks through. This will be similar to an ABCD pattern.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-17 14:24:24 | NIO | buy | $38.090 | long |
| 2021-08-17 15:54:09 | NIO | sell | $38.000 | 0 |
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