Shared by
dpaleo
Tags:
strongest FAANGT with SPX approaching 3900 possible support/bounce level. Solid idea. Coulda come back on hammer off vwap
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-01-19 09:49:08 | META | 100 | $133.030 | 100 |
| 2023-01-19 09:50:24 | META | 87 | $132.990 | 187 |
| 2023-01-19 09:57:42 | META | -50 | $133.600 | 137 |
| 2023-01-19 10:04:42 | META | -37 | $134.150 | 100 |
| 2023-01-19 10:08:34 | META | -50 | $134.700 | 50 |
| 2023-01-19 10:08:59 | META | -25 | $134.900 | 25 |
| 2023-01-19 10:19:34 | META | -25 | $134.490 | 0 |
Comments
dpaleo
Hey Andy. Yea that was the play. Saw it but didn’t think it thru enough to pull trigger. I think the reason I didn’t was the market felt heavy to me. I think I wanted SPX to test 3900 and rally from there. That hammer off 134 and vwap gives a good signal with definable risk. Wish it took it
AndyBhanver3
Yeah paleo, as I looked over the chart, looked quite similar to the setup you had taken before so was curious, thanks!
vndnz
Hi dpaleo. This is a nice trade. Question: did you buy @ $133 based on the previous day's afternoon support level? I see your entry on the 1min chart is still on a red candle. Just looking to understand the thought process. Thx
Hi vndnz, yes it was a combination of META being on yest support level and SPX on big potential support level of 3900
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Nice catch dpaleo, Thoughts on getting back in at 134 there right above VWAP? Pretty similar setup as well as much clearer relative strength as indices made new lows, meta had not and was holding above vwap while markets were below vwap - were you managing your RBLX trade and had not looked back at meta by chance?