Shared by
DerekB_BOWS
Huge gapper, hit $59.5 in premarket. Had OR Breakdown on 5 minute. Found this with my ORB scanner in TC2000. My 2nd short "adding" -200 was a mistake, I meant to Buy to cover. I shorted again, but realized I needed to "wait" longer, so I just covered. Waited til better setup with EMA, then covered at Key level from Pre-market. Had 2 other good entry setups but did not take them - stopped watching.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-02-01 09:43:26 | OKS | sell | $55.800 | short |
| 2017-02-01 09:59:24 | OKS | sell | $55.170 | short |
| 2017-02-01 09:59:36 | OKS | buy | $55.200 | 0 |
| 2017-02-01 10:03:24 | OKS | sell | $55.000 | short |
| 2017-02-01 10:06:00 | OKS | buy | $55.330 | 0 |
| 2017-02-01 10:18:43 | OKS | sell | $54.930 | short |
| 2017-02-01 10:30:24 | OKS | buy | $53.880 | 0 |
Comments
DerekB_BOWS
Nick, I saw the premarket high then a big fade to the open. Then I watched the opening range and was going to go either way, Long or Short depending which way it broke. I thought a Long could only go to premarket high as resistance. But a short could fall all the way back to the premarket low, which it did. I was purely playing price action. I am trying to not "decide" which way I want to play it.
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Nice trade! I'm curious what gave you an indication to short. I had it on my list to long because of the breakout above major resistance levels and when It started flushing I took it off my list.