Daily Setup: Bear flag w/ market weakness
Intraday: No technical setup 1st entry, second entry had inside 5
I had this on my list for a sort, preferably green to red and looking for continuation through $310 for daily breakdown. Strong candle on the open that failed and bounces were failing and creating lower highs on the 2 minute so I entered near the top of the range for lower risk with very small size. I doubled up when the range broke to the downside for momentum move, I had an inside 5 to execute on as well. Sold into the flushes, Powell speech gave it some juice. I added back very small with the pullback to the 8ema and $310 level.
Layers of probability: Bear flag setup on daily, clear base, failed strength on open, lower highs forming, Powell speech (luck)
Entry: Lower highs on 2 minute candles, added with inside 5 breakdown
Stop: Originally HOD on small position; moved to high of inside 5 once I added more.
Targets: 1st cover just above LOD, covered on $1 increments on the way down. Powell speech flushed it quicker and I didn't have any orders in, good luck.
Successes: Good daily setup, good intraday second entry, appropriate sizing, good add back w/ EMA and daily level; followed trade plan and stop (even though I gave a decent amount back)
Areas to improve: I'm open to feedback, not seeing any.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-07 09:46:00 | NFLX | sell | $313.260 | short |
2023-03-07 09:51:00 | NFLX | sell | $312.440 | short |
2023-03-07 09:57:00 | NFLX | buy | $312.000 | short |
2023-03-07 10:00:00 | NFLX | buy | $311.200 | short |
2023-03-07 10:03:00 | NFLX | buy | $309.000 | short |
2023-03-07 10:05:00 | NFLX | buy | $308.100 | short |
2023-03-07 10:22:00 | NFLX | sell | $309.700 | short |
2023-03-07 12:27:00 | NFLX | buy | $313.500 | 0 |
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!