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Goku_BOWS
Daily Setup: Overbought reversal
Intraday Setup: Overbought reversal
Layers of Probability: Extended on daily and intraday, markets weak and breaking lows,
Entry: Shooting star
Stop: $285, went in very small and allowed a lot of room
Targets:279, morning support, 275 daily level
Thoughts/Thesis/Notes during the trade: Will end up swinging if closed in lower 1/4 of range.
3.20 - covered 1/4 @ 375 area
Areas of Success: Great entry, good sizing
Areas to Improve: Stay away from extension trades, I keep getting burned here.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-17 10:18:00 | MSFT | sell | $282.620 | short |
| 2023-03-17 11:06:00 | MSFT | buy | $279.010 | short |
| 2023-03-20 09:34:00 | MSFT | buy | $275.130 | short |
| 2023-03-20 10:38:00 | MSFT | buy | $270.100 | 0 |
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Goku_BOWS
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Nice price action read! Thanks for sharing!