FOUND STOCK DURING PRE-MARKET GAP DOWN SCANS. FORMED A PRE-MARKET RANGE (15.09 -14.41).
AT MARKET OPEN PRICE SPIKED TO THE PM RANGE HIGH BUT COULD NOT BREAK ABOVE. NOT THE BEST INITIAL ENTRY @ 14.77 AS IT WAS 1) LATE; 2) PRICE ACTION WAS STILL VERY CHOPPY AND 3) SHOULD HAVE WAITING FOR A PULL BACK TO 14.85-15.00 WHEN A LOWER HIGH WAS FORMED AT 09:35AM.
2ND ENTRY @ 14.86 WAS BETTER ADD ENTRY AS WAITED FOR THE PULLBACK WHEN THE PRICE WAS FORMING A LOWER HIGH AND COULD NOT BREAK ABOVE 15.00
GOOD COVERED FOR FIRST PARTIAL NEAR PM RANGE SUPPORT (14.41). ALSO GOOD COVVER FOR 2ND PARTIAL @14.51 WHEN PRICE HIT 13EMA (ON 1 MIN CHART). SHOULD HAVE EXITED ALL OF THE TRADE AT 14.51. PARTIAL COVERS TAKEN @ 14.60 & 14.67 WAS NOT VERY GOOD AS WAITED FOR PRICE TO REACH 13EMA ON 5 MIN CHART.
NEED TO STICK TO TAKE PROFIT RULES - IE. TAKE FIRST PARTIAL WHEN PRICE IS NEARLY SUPPORT OR INTRA-LOD; TAKE ANOTHER PARTIAL WHEN PRICE IS MAKING A HIGHER LOW; FINAL PARTIAL SHOULD BE TAKEN WHEN PRICE HITS 13EMA ON 1 MIN CHART.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-02-27 09:33:00 | CRZO | sell | $14.770 | short |
2018-02-27 09:54:00 | CRZO | sell | $14.860 | short |
2018-02-27 10:11:00 | CRZO | buy | $14.490 | short |
2018-02-27 10:25:00 | CRZO | buy | $14.510 | short |
2018-02-27 10:29:00 | CRZO | buy | $14.600 | short |
2018-02-27 10:30:00 | CRZO | buy | $14.670 | 0 |
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