Shared by
colliera15
Made sense from a rhythm perspective BUT, the market had already broken through VWAP and settlement. That is the first time it had done this in 3 hours, that kind of price action signifies a momentum shift. This area should have been a line in the sand for me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-14 13:21:32 | MESU2 | sell | $3762.25 | short |
| 2022-06-14 13:22:27 | MESU2 | buy | $3765.25 | short |
| 2022-06-14 13:22:27 | MESU2 | buy | $3765.25 | 0 |
Comments
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Not sure why you would short at 13:21. The pattern is a good solid consolidation, then push upward, first at 1:00 pm. The second consolidation at around 1:11 pm. The third consolidation, is when you short. Instead of shorting, would be more inclined to long during the consolidation.
As for shorting, once it break the candle body where you cover, that's when to short as it signals that a pattern change may happen.