Finally below major multi-week support pivot=$505 that had been defenced multiple times in the recent past. If sellers push it below the AVWAP from COVID lows=$496, there is nothing until $480s and daily gap to $467.
Premarket plan was to get "short" only if it traded below support pivot=$505, at a pop towards that level, risking tight stop above, targeting AVWAP, then ideally $480s.
Played nicely at the open, per plan. Opened weak and immediately moved lower away from the level.
Got short Tier 0 at the pop+rejection of %505, risking tight stop yesterday's close=$507.5s, expecting strong rejection and roll-over.
Got rejected, lost VWAP and started trading below it ("Flush + HOD pop to VWAP under"), looking ready to clear LOD.
Added two momo tiers as it looked very weak, risking VWAP for the momo adds, expecting move to 1st target $496.
Covered 50% into the flush at $493s, tightened stop above VWAP for rest 50% trying to hold for the bigger move to $480s. Got top-ticked here which was really unfortunate:/
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-04-18 10:10:01 | NOW | sell | $502.340 | short |
2022-04-18 10:54:58 | NOW | sell | $500.090 | short |
2022-04-18 11:15:56 | NOW | sell | $499.650 | short |
2022-04-18 12:12:33 | NOW | buy | $495.490 | short |
2022-04-18 12:24:05 | NOW | buy | $494.300 | short |
2022-04-18 12:34:55 | NOW | buy | $494.460 | short |
2022-04-18 12:40:00 | NOW | buy | $494.850 | short |
2022-04-18 13:55:14 | NOW | buy | $501.690 | 0 |
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!