Shared by
TraderJon
The set-up:Pop & Fail
What I did Right:Shorted right into the 5M 200EMA with Bookmap Heatmaps above. Scaled out of the position into the pre-market support area.
What I did Wrong:None
Where I could improve:I only traded 1/4 size. I will build the confidence to take this setup for size. There was also a JLine Curl Up Long opportunity that I could have traded 1/2 size. Counter trend so a B grade setup.
Trade grade:A-
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Big-picture:Market was down all day yesterday and then grinded sideways into the pre-market this morning. Played the opening Pop & Fail.
Trade parameters:Shorted into resistance at the 200EMA on the 5M chart with Bookmap Heatmaps above.
Entry:108.806
Trade Management:Covered 1/2 position 107.94
Exit: Covered remaining 108.14
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2022-06-29 09:39:23 | AMZN | sell | $108.806 | short |
| 2022-06-29 09:41:28 | AMZN | buy | $107.940 | short |
| 2022-06-29 09:42:23 | AMZN | buy | $108.140 | 0 |
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