I annihilated the "short" trade, now it looks interesting around $180s=confluence of support=horizontal support level & long-term ascend. support line (est. 2018), at least for bounce.
1st tag has always the highest % of success, so
-- Got long at the flush to 180s close to the bell, risking 1xATR=$10 below the level $170s
-- Expecting a strong bounce from here, targeting 9SMA@weekly at a minimum. 2nd target $228s if it can get there.
05-05-2022
Worked like a charm. Took 50% as it pushed thru
05-10-2022
Got rejected, back to initially entry.
-- Re-loaded long in-front of 180s, risking tight stop now $177s
05-12-2022
I got bottom-ticked here and it feels kinda gross:/
(-) But taking a close look, I didn't play it properly, having a too tight stop below $180 support. $ADSK has an ATR=$10, so having a $4 stop below such an important level is TOO tight. Should have opted for at least 0.5xATR stop here...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-04-27 15:18:16 | ADSK | buy | $181.447 | long |
2022-04-28 14:12:29 | ADSK | sell | $195.984 | long |
2022-05-04 15:00:07 | ADSK | sell | $201.440 | long |
2022-05-05 09:45:10 | ADSK | sell | $202.845 | long |
2022-05-10 11:20:40 | ADSK | buy | $183.385 | long |
2022-05-12 09:37:29 | ADSK | sell | $175.510 | 0 |
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