For FB I had 142.50 144 and 145 down as levels. FB traded on rather low volume, but had more than the days before. It made its way up and when I saw it stall above 142.50 and looked like it would take out lows I was faked into a short on the bid chasing it.
As I deserved it, FB broke 142.70s that tested sooo many times in the prior minutes. I stuck with it and added above 143 and 143.50s. A little early as I had 144 in mind. Impatient Markus at it again. Just wait for your levels to hit, idiot.
Size was still below one whole tier and I was not nervous at all. Still could have done way better...
FB eventually pulled back and I took off most of it around my break-even above 143.
Stuck with a small piece and was eager to add at 144. When it got there I hesitated to put in a limit order below 144 as I wanted to see how it reacts. FB spiked into it and when it rejected I added another quarter on the break of the low of a candle.
Right after it, FB broke out to the upside. Great. Just great. But higher prices were rejected. However it behaved strong and kept moving up.
When FB had difficulties with higher prices above 144 I added another piece. Then i just waited to see if we make it to 145 to add a full tier.
As FB often does, there is this one attempt higher before it drops like a hot stone. It did. my average was good around 143.75 and I started to take off around 143.50 when it showed more support than I liked. Really did not want to break that level just yet.
Since I already hit my max executions for the day I did not trade the backside trade when 144 was tested again. Big mistake. But good to see it worked out.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-12-18 10:24:00 | FB | sell | $142.600 | short |
2018-12-18 10:30:00 | FB | sell | $143.130 | short |
2018-12-18 10:34:00 | FB | sell | $143.600 | short |
2018-12-18 10:44:00 | FB | buy | $143.110 | short |
2018-12-18 10:44:00 | FB | buy | $143.020 | short |
2018-12-18 10:45:00 | FB | buy | $143.120 | short |
2018-12-18 10:54:00 | FB | sell | $143.761 | short |
2018-12-18 11:00:00 | FB | sell | $144.070 | short |
2018-12-18 11:04:00 | FB | buy | $143.630 | short |
2018-12-18 11:05:00 | FB | buy | $143.490 | short |
2018-12-18 11:09:00 | FB | buy | $143.490 | short |
2018-12-18 11:11:00 | FB | buy | $143.740 | 0 |
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