Shared by
boldandnuts
Eventually I took a trade in $ADBE when it found some resistance just above 256. $ADBE formed a nice Flag with lower highs but couldn’t hold above 256. With that in mind I was patient and when I saw that Decision-Candle form I shorted the low.
$ADBE dropped nicely. I was greedy and did not take profit at VWAP. Of course it bounced and I had 258 in mind to add to my short.
$ADBE tested 257.50, rejected it and did not even make a nice lower high for a Backside Trade that would have allowed me to add another piece.
However, ADBE sold off and I was really patient with my profits. Just the last piece I took off a little too early. Never thought I would see 252.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-16 09:54:00 | ADBE | sell | $255.400 | short |
| 2018-10-16 10:11:00 | ADBE | buy | $254.160 | short |
| 2018-10-16 10:15:00 | ADBE | buy | $253.210 | 0 |
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