MESH2 Trade on Mar 8, 2022 12:27 from srosas13: Tradervue User Stock Trades.

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srosas13

 

Situation The market made a huge bounce off the lower levels in a very short amount of time. There was large volume and constant buying pressure to the upside breaking through resistance. My first thought was to short the high and/or the gamma level at 4244. I switched my train of thought because I didn't want to be counter-trend against the market and such strong buying. The vix was getting heavily compressed as well. I wanted to see es break the 4244 level post a high and pull back to get long OR bounce the 4244 level.

Self-Talk Because of the huge price move and momentum the es saw a large pullback. The ATR was cranked up to 20 points on the 15 min so I needed to lower my size. I wanted to get long the pullback at the old POC level of support around 4230.

I got my push in price action back to the gamma level and cleared half of the position. At the test of the resistance level with 800 on the ask, I sold a runner and held an additional runner.

I started to see that the buyers refused to back down off the 4250 level and they also were hitting the ask very aggressively. This gave me the confidence to add to my winning position at a retest and bounce of the 4244 level. I added back to the position to get a push through the 4250 level. I got the push through the sellers and started to take profit I closed out of the position by mistake because I had a pending offer at the old highs at 4256.

Coach-Talk Very solid execution and being in sync with the market. It was the correct move not to counter-trend the market in such a strong swing up with the vix being compressed. I did not let my last runners run to 4270 area but took a solid trade.
1. Size I was properly sized for this trade.
2.Entry My entries were solid at key levels
3.Exit Great exits into supply. and holding the trade.
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Execution detail:

Date/time Symbol Side Price Position
2022-03-08 12:27:20 MESH2 buy $4228.25 long
2022-03-08 12:29:48 MESH2 sell $4244.00 long
2022-03-08 12:34:23 MESH2 sell $4249.00 long
2022-03-08 12:36:02 MESH2 buy $4244.00 long
2022-03-08 12:41:55 MESH2 buy $4244.75 long
2022-03-08 12:43:47 MESH2 sell $4253.25 long
2022-03-08 12:45:22 MESH2 sell $4247.75 long
2022-03-08 12:46:32 MESH2 sell $4256.50 0


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