In yesterday's Post-EA, AMZN established a 1570 - 1640 range.
Putting a PO at 1570 with wide SL could be a good setup. But AMZN was bearish yesterday and strong buying had been absent at 1570. Hence, i'd want to see AMZN reaction there before entering Long.
Strong buying seen as AMZN briefly break 1570. AMZN's retest of 1570 is a good Long setup as selling slowed down. I hesitated. Enter long as buyers take Ctrl. My TGT was at 1599 but AMZN peaked at 1596. Tightened my SL to below the doji and get Stp Out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-04-30 09:50:29 | AMZN | buy | $1578.920 | long |
2018-04-30 10:17:52 | AMZN | sell | $1588.761 | 0 |
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