Beautiful Backside Trade in $FB
This was a very nice Entry. Together with the proxy stocks I had $FB on watch with no levels written down, but marked on the chart. 157 was tested in the prior days and when I saw the combination of high at 157 and those several tests, a pullback and move higher to 157.50s as well as a retest above 157 I was all over it!
Granted, a little too small I just used a quarter tier here for a starter on a limit order at the offer to 157.
Perfect Backside Trade.
First profit at the confluence of recent low and 5mEMA9.
As it was late in the day I was patient and even wanted to see a break of VWAP, but that was respected at first and I took off rest of the trade after the reject of VWAP. Small size trade but very well executed.
Feel more confident in my trading at the moment.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-22 11:25:00 | FB | sell | $156.970 | short |
2018-10-22 11:29:00 | FB | buy | $156.530 | short |
2018-10-22 11:40:00 | FB | buy | $155.940 | 0 |
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