Shared by
TomB_BOWS
Setup (intraday): FU flag
Setup (daily): 1000 resistance, extended
Stop: 1000.50
Reason for taking trade: Seeing the resistance at 1000 level.
Concerns:
Mistakes:
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
After seeing resistance at 1000 level I waited for some coiling. Took a small position for swing. Next day it gapped into resistance and faded hard with the market doing the same. Because of volatility and range it had I covered into the flush and then out last shares when it made a higher low.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-05-30 10:04:08 | AMZN | sell | $998.670 | short |
| 2017-05-31 09:59:00 | AMZN | buy | $989.990 | short |
| 2017-05-31 10:01:57 | AMZN | buy | $983.900 | short |
| 2017-05-31 10:38:53 | AMZN | buy | $989.710 | 0 |
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