MESH3 Trade on Jan 27, 2023 10:19 from jasontrader15: Tradervue User Stock Trades.

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jasontrader15

 

so on this trade i would have enjoyed shorting initially at the 4090 level but i only got to my desk 1 minute before i entered this trade so the short had already begun. the setup is an exhaustion short after 2 measured moves up and since we got well above premarket highs, that becomes my target in mind for where i wanna see prices go down to at least if im going to take a short. entry became 4085 risking 4091 but proper stop is 1pt above the highs.. but i didnt like tht i was late to enter so set a tight stop.. once in my favor i began covering into premarket high support zone. but kept recognizing the weakness each pop had, so i decided id stay on the short bias becuz once we rotated from above the 13 ema to under it, i jus shorted pops tht tryed to hold above it and failed. once the candle closes, short riskin that last candles high if u wanna have tight risk big size. we built a double bottom right at the opening price level in which ino every1 callin a bottom there has stops 1tick below the lowest candle. so a break below 4078 every long is about to be stopped out with a easy 1-2 ticks below. thats were i entered another position short lookin for a fast scalp on majority n then leave the runners for each previous support area tht is now gonna turn into resistance i like to cover into those levels for ez fills front runnin other shorts who havent covered yet. if u look left at 4068 there was a congestive area i was worried would hold as a strong base. i covered all to quickly but in hindsight try to hold for the attempted break of the congestive low prices, ( 4062) and THENNNN only then if it doesnt get below 4060 u cover into limit buy orders who are loading up. and i had the desire to go long once this new low held above 4060 i was going to enter a swing long position at 4070.25 scalp would have occured at 4072.75 ,reason is u have a new low way below premarket lows, the same way the short was good after a new high way above premarket highs. but i like to try and close out at 1130, and this trade would have broken that rule.


Execution detail:

Date/time Symbol Side Price Position
2023-01-27 10:19:33 MESH3 sell $4085.50 short
2023-01-27 10:20:18 MESH3 sell $4085.25 short
2023-01-27 10:21:49 MESH3 buy $4083.75 short
2023-01-27 10:22:19 MESH3 buy $4080.50 short
2023-01-27 10:22:30 MESH3 buy $4081.25 short
2023-01-27 10:23:53 MESH3 buy $4082.50 short
2023-01-27 10:30:00 MESH3 buy $4085.00 0
2023-01-27 10:33:47 MESH3 sell $4084.00 short
2023-01-27 10:34:02 MESH3 buy $4080.50 short
2023-01-27 10:34:28 MESH3 buy $4079.50 short
2023-01-27 10:34:37 MESH3 buy $4080.25 short
2023-01-27 10:36:24 MESH3 buy $4082.25 0
2023-01-27 10:40:38 MESH3 sell $4080.00 short
2023-01-27 10:41:48 MESH3 sell $4079.75 short
2023-01-27 10:43:23 MESH3 buy $4079.25 short
2023-01-27 10:43:23 MESH3 buy $4079.25 short
2023-01-27 10:43:23 MESH3 buy $4079.25 short
2023-01-27 10:43:25 MESH3 buy $4079.50 0
2023-01-27 10:44:05 MESH3 sell $4077.50 short
2023-01-27 10:46:07 MESH3 buy $4076.00 short
2023-01-27 10:46:59 MESH3 buy $4073.00 short
2023-01-27 10:47:13 MESH3 buy $4069.75 short
2023-01-27 10:47:23 MESH3 buy $4070.75 0


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