Tags:
Strategy: Double Top Short
Expectation: A move down into 102.06
After recognizing a rejection at 103.10s for a third time in one session, I entered short just in front of an imbalance. I was filled but experienced no heat. I was looking to hold until 102.06, an area that had been a strong support/resistance over the past few sessions. I brought my stop down aggressively though since VWAP was right below and price was consolidating.
There was a lot more to be made here but on Fridays I keep things tight. I would much rather go out on a 2.65 R:R winner as opposed to risking a 1.5:1 winner by keeping my stop wider. This trade will be one that I follow closely as there was more opportunity but I will not berate myself for this one.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2022-03-18 09:44:58 | CLK2 | -1 | $103.07 | -1 |
2022-03-18 09:47:05 | CLK2 | 1 | $102.54 | 0 |
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