Shared by
spyrosz
Strong bounce at $31, followed by rally right into significant resistance=bottom channel boundary=previous support pivot=$39 which had been defended at least 4 times in recent past before break...
I guess any bag-holder from $39+ would be happy to unload at b/e or for a small loss.
Strong open and pop right into $39 resistance. Offer for Tier 0 at $38.9s didn't get filled, and this thing rolled over so fast, so hard that I thought I missed it. Thank god they bought it once more and pushed it back up.
Got short Tier 0 once the lower high was put at $38.7s, risking stop $39.55 above $39 resistance, expecting seller to take over and push it lower, below VWAP, back to LOD=$37s, ideally $36.5s.
Never red on the trade, covered bulk at $37.3s as it was bottoming, refusing to flush lower.
Exited small trailer once it recalaimed VWAP.
(+) OK winner trade, followed plan, nice executions
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-03-15 10:51:10 | UAL | sell | $38.480 | short |
| 2022-03-15 10:51:10 | UAL | sell | $38.480 | short |
| 2022-03-15 13:59:22 | UAL | buy | $37.400 | short |
| 2022-03-15 14:37:27 | UAL | buy | $37.440 | short |
| 2022-03-15 14:37:33 | UAL | buy | $37.480 | short |
| 2022-03-15 15:31:52 | UAL | buy | $38.025 | 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!