Shared by
kickinit
Symbol CSCO
- Setup 3m 8ma break reversal short, hooked 2m 8ma
- Trigger Near 5m 8ma
- Entry $62.61
- Stop $62.71
- 1R $62.51
- 2R $62.41
- Feelings and Actions
- Patience, wait for setup.
- If price closes above 2m 8ma, exiting because it shows no momentum.
- Mental stop at $62.66.
- Mistake: MLPT stop should have been $62.76.
- 2R would be 1/3rd retracement on the day.
- 10:11a price $62.64 came within $0.02 of hard stop at $62.66.
- Saw price near entry, felt I should have taken 5 lots and should add 2 lots, action did not add because lack of momentum is a negative sign and not a place to add.
- Notes
- 2m 20ma at $62.41, 3m 20ma at $62.09.
- 10:05a 2m 20ma at $62.53.
- 10:08a 2m closed bar below 8ma and 20ma.
- 10:08a hard stop at $62.66.
- 10:15a hard stop at entry $62.61 due to lack of momentum and follow thru.
- 10:16a 3m 20ma at $62.39.
- 10:16a b/e stop hit.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-23 10:00:45 | CSCO | sell | $62.610 | short |
| 2021-12-23 10:00:45 | CSCO | sell | $62.610 | short |
| 2021-12-23 10:01:02 | CSCO | sell | $62.600 | short |
| 2021-12-23 10:16:05 | CSCO | buy | $62.630 | 0 |
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