Daily Setup: Breakaway gap
Intraday: Opening range break, Bull flag
The 5 minute chart had a couple of inside candles to trade against when it broke to the upside.
Sold half on the quick pop and added it back on the downtick. Then added more with the subsequent "flag" setup and got that portion sold.
Stopped out remaining.
I didn't see the resistance on the daily around $8. I did go in small since the flag had so many upside tails.
Made a few sheckles.
Layers of probability:
Layers against: Markets, tails
Entry: Flag, inside candle
Stop: Low of inside candles (1st one), $6.40
Targets: fluid with action.
Successes: clear entry/exit plan w/ buy stop. solid add-backs. Good risk size based on sub A setup.
Areas to improve: Be sure to look at daily for levels; need more clear targets and have orders in place on thin stock to be sure I can get filled on quick moves.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-02-21 10:03:00 | ARBE | buy | $6.770 | long |
2023-02-21 10:09:00 | ARBE | sell | $7.610 | long |
2023-02-21 10:09:00 | ARBE | buy | $7.200 | long |
2023-02-21 10:24:00 | ARBE | buy | $7.180 | long |
2023-02-21 10:24:00 | ARBE | sell | $7.490 | long |
2023-02-21 11:03:00 | ARBE | sell | $6.630 | 0 |
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