Shared by
Goku_BOWS
Daily setup: Support level bounce
Intraday: Oversold Bounce
Big flush int he morning, looking for an oversold bounce as it tested the $22 support level on the daily. I entered very small when it looked like it was starting to uptick, then added when a hammer candle formed. Got my risk covered and stopped on the remaining. It did not bounce as much as the market did.
Layers of probability: Daily level, hammer candle (or at least a larger tail), markets had started a price correction bounce as well ahead of this reversal
Entry: Build in, add more once reversal signal given
Stop: LOD once full size
Targets: 1:1, equilibrium
Successes: Support at daily level (although had broken through that a bit), very extended
Areas to improve: Volume confirmation, very weak relative to markets and bounce lagged timewise.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-02-17 10:03:00 | DBX | buy | $21.830 | long |
| 2023-02-17 10:07:00 | DBX | buy | $21.780 | long |
| 2023-02-17 10:14:00 | DBX | sell | $21.950 | long |
| 2023-02-17 11:15:00 | DBX | sell | $21.710 | 0 |
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