One of those stocks that you watch
Open
- Watching AMZN, it had done this huge run in the morning and now was giving reversal indication on the 5 minute and 1 minute. Coming down to test VWAP and coming down again to break it. First entry on the break to watch the level either hold, reject or break. Price action rejected back into the consolidation range, got out.
Reflection
- 3 indicators? Yes, first entry called for.
- Scaling? no.
- Partials? no.
- Risk management? Out on the rejection approaching the top of the range.
- What went right/wrong? Trade idea valid, trade execution valid too.
- Successful trade? Yes, emotions in check and traded technicals. Im not too sure on the volume that was occuring on this BUT i might need to find a way to show relative volume on my volume bars to know whether the volume is valid or not. I assumed it was jsut considering we were still in the morning session.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-22 10:00:42 | AMZN | sell | $146.550 | short |
2023-11-22 10:03:23 | AMZN | buy | $146.910 | 0 |
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