Shared by
spyrosz
Swan dive below my main long-term daily support level at $166. Held below and moved lower!! towards $150 printing some HEAVY VOLUMES, indicating end of down-move near and probability of over-sold bounce high.
Zero attempts to get long before clear signal and a change in behavior. Found a bid at $153, put a "Double-Bottom", then a higher low below VWAP. Managed to remount VWAP and spend time above the m.average.
got long Tier 0 at the pullback to VWAP, risking LOD=$153, expecting to rally higher and close green on the day.
Did exactly that. Held all size for swing-long as it has lots of room for a move higher. R1=$166, then R2=gap-fill on daily=$172.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-08-23 12:23:11 | BABA | buy | $155.780 | long |
| 2021-08-23 12:23:11 | BABA | buy | $155.780 | long |
| 2021-08-24 04:01:01 | BABA | sell | $169.510 | long |
| 2021-08-24 10:22:08 | BABA | sell | $171.770 | long |
| 2021-08-30 12:21:52 | BABA | buy | $161.980 | long |
| 2021-08-30 12:21:52 | BABA | buy | $161.980 | long |
| 2021-08-31 07:38:00 | BABA | sell | $168.000 | long |
| 2021-09-01 09:55:00 | BABA | sell | $172.080 | long |
| 2021-09-01 12:01:40 | BABA | sell | $173.780 | long |
| 2021-09-02 05:32:15 | BABA | sell | $179.880 | long |
| 2021-09-15 10:31:03 | BABA | buy | $156.640 | long |
| 2021-09-15 11:39:47 | BABA | sell | $155.380 | long |
| 2021-09-20 09:35:39 | BABA | sell | $152.390 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!