Tags:
ok setup. lacked a good volume profile. 5min candle engulfed after a big 1hr move off open. 1m trend breaking also a good signal. Rally was right into descending 200Day MA. Need to cover most if not all into vwap.
Execution detail:
Date/time | Symbol | Qty | Price | Position |
---|---|---|---|---|
2023-01-12 10:27:34 | CTSH | -100 | $66.900 | -100 |
2023-01-12 10:27:34 | CTSH | -100 | $66.900 | -200 |
2023-01-12 10:27:34 | CTSH | -123 | $66.900 | -323 |
2023-01-12 10:27:34 | CTSH | -34 | $66.890 | -357 |
2023-01-12 10:27:34 | CTSH | -43 | $66.880 | -400 |
2023-01-12 10:33:15 | CTSH | -1 | $66.590 | -401 |
2023-01-12 10:33:15 | CTSH | -1 | $66.590 | -402 |
2023-01-12 10:33:33 | CTSH | -98 | $66.590 | -500 |
2023-01-12 10:34:23 | CTSH | -100 | $66.670 | -600 |
2023-01-12 10:47:00 | CTSH | -100 | $66.210 | -700 |
2023-01-12 11:01:23 | CTSH | 100 | $65.870 | -600 |
2023-01-12 11:11:03 | CTSH | 45 | $65.780 | -555 |
2023-01-12 11:11:03 | CTSH | 55 | $65.780 | -500 |
2023-01-12 11:11:35 | CTSH | 100 | $65.680 | -400 |
2023-01-12 12:16:14 | CTSH | 100 | $66.430 | -300 |
2023-01-12 12:16:14 | CTSH | 38 | $66.430 | -262 |
2023-01-12 12:16:14 | CTSH | 34 | $66.430 | -228 |
2023-01-12 12:16:14 | CTSH | 100 | $66.420 | -128 |
2023-01-12 12:16:14 | CTSH | 100 | $66.420 | -28 |
2023-01-12 12:16:14 | CTSH | 28 | $66.430 | 0 |
for fades (and bottom picks) increasing volume candles can indicate a climax (or capitulation) of buyers (sellers) which increases probability of a contra move. Take a look at the KMX 5min chart from today - price went parabolic but so did volume candles. Once the buyers (both true buyers in addition to shorts scrambling to cover) exhausted it faded nicely.
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What do you mean with a good volume profile? :)