Shared by
brdpro
Entry Following an ascending wedge pattern that intersected with a key price resistance. This was a second entry after stop out. I re-entered after the price broke, but failed to hold over the key level for the second time. Added 2 contracts on the break and retest of the wedge.
Stop Loss High of day created by the reject on the key level in pre-market.
Target target was the low of the wedge pattern, however I scaled out and closed my full position within 0.50 of target due to 1 min bearish pin bar and continued buying at this level 375.50.
Notes Powell speaking to congress, overall going bad. lots of volatility within a range.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-23 11:17:39 | 24 JUN 22 375 PUT | buy | $1.760 | long |
| 2022-06-23 11:27:05 | 24 JUN 22 375 PUT | buy | $2.050 | long |
| 2022-06-23 11:40:36 | 24 JUN 22 375 PUT | sell | $2.530 | long |
| 2022-06-23 11:40:36 | 24 JUN 22 375 PUT | sell | $2.530 | long |
| 2022-06-23 11:42:18 | 24 JUN 22 375 PUT | sell | $2.430 | long |
| 2022-06-23 11:44:27 | 24 JUN 22 375 PUT | sell | $2.400 | long |
| 2022-06-23 11:44:27 | 24 JUN 22 375 PUT | sell | $2.400 | 0 |
Comments
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nice setup , nice entry