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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