Trade 1: VWAP (Loss)
Trade 2: VWAP (Win) After the previous position I flipped the trade for the break of the VWAP and took a short position on the new 5 min candles that broke to the VWAP. Second add on a pull back and new 5 min candle supporting the idea. Only got in 80%, first partial at 1R for 50%, second partial slightly lower, third partial at 2R and last partial at curling candles back to the upside.
Reflection
- Nice reaction on the flip trade to the downside.
- The second partial wasn't necessary at that point; I could have held onto the very obviously falling candles making lower lows/highs on the 1 min and 5 min chart.
- Gotta practice the scaling it was a good entry and good second entry on the pull back but there was also a possibility to add my final entry on the other slightly lower pullback. I got to remember the good pullbacks shouldn't pull back to the previous entry positions, only get close to it and fall back away.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-05-19 09:43:57 | AMZN | sell | $117.830 | short |
2023-05-19 09:48:22 | AMZN | sell | $117.740 | short |
2023-05-19 10:00:04 | AMZN | buy | $117.340 | short |
2023-05-19 10:01:14 | AMZN | buy | $117.280 | short |
2023-05-19 10:09:51 | AMZN | buy | $116.960 | short |
2023-05-19 10:13:58 | AMZN | buy | $117.100 | 0 |
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Thanks for sharing...
Very nice execution here Dandres with proper scale in/out !
How do you usually time your short entries? what triggers are you looking at?