Shared by
TomB_BOWS
Setup (intraday): Anticipating Green to Red, Exhaustion Gap
Setup (daily): Parabolic
Stop: 118.90
Reason for taking trade: Extended, overbought, exhaustion gap, first candle fade
Concerns:
Mistakes: Never added to my starter position
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
Gapped up and faded under vwap first candle. Waited for second candle and shorted a starter position anticipating the green to red move. Never added more shares but rode down the flush for most of it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-12-28 09:35:12 | NVDA | sell | $118.370 | short |
| 2016-12-28 09:40:27 | NVDA | buy | $116.130 | short |
| 2016-12-28 09:58:01 | NVDA | buy | $114.610 | short |
| 2016-12-28 09:59:36 | NVDA | buy | $113.410 | 0 |
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