Shared by
JimFrey
Daily and premarket revealed trading at daily resistance of previous days large range day (based on PR and ER news. This represented a continuation move based on bullish BO of Daily resistance at 41.00 with a retest and support with the 9ema and VWAP. I went long at 41.03 with about a 15 cent stop. Added on resolution in my favor on the next bar. Added again on the Bull Flag at 41.82. Since I had a small position I did not scale out and used 9ema rule on 5min to manage position till my goal. Nice trade. I didn't take size because I wasn't confident about the trade panning out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-16 09:40:48 | NVDA | buy | $41.030 | long |
| 2016-05-16 09:43:21 | NVDA | buy | $41.170 | long |
| 2016-05-16 10:37:43 | NVDA | buy | $41.820 | long |
| 2016-05-16 11:37:12 | NVDA | sell | $42.240 | 0 |
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