Shared by
unicorntrader
BMO
BMO range: 1670-74; Peak 1678
Open Gap Up: 1665 > 1673 ($8)
BigPic
Market sentiment remain bullish and risk on. Aggressive breakout strategy is in play.
QQQ will be testing ATH resistance at 175, be mindful of selling when QQQ near ATH
Stock
After a good GU, AMZN make a small doji without PB to yesterday high. Buyers are in CTRL.
Pending Order buy at 1675 triggered. This entry is inline with my Opening Drive rules.
Selling happen after my order trigger. Price dip to a few tick above my SL at 1670.
AMZN then had a nice consolidation within 1670-1675, forming a DesTri. BO of the DesTri is a good second entry if i am not in.
Selling was unexpectedly strong after price hit my TGT1 at 1685. I trail my SL to 1681 and get hit.
Additional Note
AMZN broke 1685 at 1am. Price hold above 1675 and stay sideway is a sign of buyers-in-CTRl. Would be a good idea to buy the breakout.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-06-05 09:31:55 | AMZN | buy | $1675.430 | long |
| 2018-06-05 10:14:47 | AMZN | sell | $1680.763 | 0 |
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