Shared by
EL_BOWS
Overbought on the daily. First entry, waited for break of the resistance level at 362.80, bought on breakdown with MAs overtop. Even when I bought, I thought it might be too extended. Immediately squeezed above the MAs and just over price resistance (to my stop).
Got back in on the next break of the 32.80 level. Covered on the way down. Sold remaining shares at support on the daily. Couldn't believe it just blew right through it. Noticed SPY crashing, got back in on bear flag break down, covered into spikes, then rest as it broke over 9EMA.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-02-28 13:16:18 | AMZN | sell | $362.790 | short |
| 2014-02-28 13:40:37 | AMZN | buy | $363.730 | 0 |
| 2014-02-28 14:10:59 | AMZN | sell | $362.720 | short |
| 2014-02-28 14:15:08 | AMZN | buy | $362.190 | short |
| 2014-02-28 14:36:37 | AMZN | buy | $361.690 | short |
| 2014-02-28 14:40:05 | AMZN | buy | $361.250 | short |
| 2014-02-28 14:43:10 | AMZN | buy | $360.690 | 0 |
| 2014-02-28 15:02:19 | AMZN | sell | $359.250 | short |
| 2014-02-28 15:05:40 | AMZN | buy | $358.540 | short |
| 2014-02-28 15:10:20 | AMZN | buy | $357.290 | short |
| 2014-02-28 15:19:01 | AMZN | buy | $359.650 | 0 |
Comments
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Bit extended on first entry, but way to get back as your entry was closer to the MA'S.