3rd time was the charm. Finally managed to break and close above the all-important $73 daily resistance level for the 1st time yesterday. On main watch today for continuation higher as next resistance level was the 20SMA@weekly=$78.
Premarket plan was to get "long" at the opening flush to S1=$73, risking tight stop below the level, expecting the move to R1=20SMA@weekly=$78.
Played wayy better than expected that kinda surprised me. Flushed to S1 at the open,
bid for Tier 0 got hit, risking tight stop $72.4s, expecting the move to R1=$78.
Sold on the way to target, got flat in-front of R1.
(-) How the f@ck I ended up with no swing-long size here??
-- Thing exploded higher, on massive volume and RVOL>>2.0.
-- Quickly realized the high-probability of a trend day. Already on target after 1.5hr in the session.
-- Should have been more patient with exits, and trail some size vs 9EMA@15min chart. Ended up another $2 higher than last exit with more room to the upside.
(+) I do have the LOD fill at $73.11. lol
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2021-08-25 09:30:01 | PENN | buy | $73.110 | long |
2021-08-25 09:38:28 | PENN | sell | $74.880 | long |
2021-08-25 09:46:47 | PENN | sell | $75.850 | long |
2021-08-25 10:02:14 | PENN | sell | $76.830 | long |
2021-08-25 10:54:21 | PENN | sell | $77.461 | 0 |
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