I had watched NVDA out of the open and let it play out a bit before considering. I was not sure whether it would break VWAP and make a move and stayed away from the first VWAP-Fade.
For support I had 154 150 149 (close) 147 145 and 140 marked and 156.50 as major resistance and long bias above.
I got more interested in NVDA when it got closer to its previous days close at 149, but was too impatient when it broke 150 and made a quick stop at 149.50. As this already looked like a bigger selloff I took a starter here. Just to watch drop into 148.50. Great!
My Entry was ok, but would have been way better at 149 as I would have been able to play the smal range forming.
Now I just stuck with it and let it play out with a first target at 151ish and VWAP below 152.
My partials were good above 150.50 and when NVDA rejected back below 151 forming a decision-Candle. I hesitated for a moment to take off the rest as well to watch it drop. Took off the final piece at break-even. Good Call, Good Exit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-11-21 09:50:00 | NVDA | buy | $149.640 | long |
2018-11-21 10:01:00 | NVDA | sell | $150.690 | long |
2018-11-21 10:03:00 | NVDA | sell | $150.810 | long |
2018-11-21 10:06:00 | NVDA | sell | $149.650 | 0 |
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