Shared by
dpaleo
Tags:
classic sequence here on gap up with potential $15 breakout on daily. It fails off open shaking out longs and sucking in shorts. Then in classic fashion, remounts $15 and vwap to squeeze out those shorts and make those longs chase to get back in. Thats where the buyer sold into those folks as indicated by they huge volume candles at 10:10 and 10:15. Perfect short signal on 1min stuff/failed new high. Great entry but need to size that full risk. Makes sense to cover some into vwap and $15 level, but once fails $15 the failed daily breakout is on and should be re-adding for melt.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2022-07-18 10:21:18 | SIGA | -1500 | $15.530 | -1500 |
| 2022-07-18 10:26:33 | SIGA | 327 | $15.270 | -1173 |
| 2022-07-18 10:26:37 | SIGA | 112 | $15.265 | -1061 |
| 2022-07-18 10:26:37 | SIGA | 161 | $15.260 | -900 |
| 2022-07-18 10:27:14 | SIGA | 100 | $15.230 | -800 |
| 2022-07-18 10:27:18 | SIGA | 200 | $15.180 | -600 |
| 2022-07-18 10:46:57 | SIGA | 200 | $15.060 | -400 |
| 2022-07-18 10:48:07 | SIGA | 200 | $14.920 | -200 |
| 2022-07-18 11:05:17 | SIGA | 100 | $14.670 | -100 |
| 2022-07-18 11:20:57 | SIGA | 100 | $14.370 | 0 |
Comments
dpaleo
thanks. yup, after that 1min stuff of new high my it shouldnt make another high so my stop is at new high
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Perfect read. Where would your stop be here? Above the high?