Shared by
boldandnuts
FB broke out right at The Open. For resistance I had 142.50 as a pivot and 145-147 above that.
As the move was so strong I expected some sort of pullback and placed an offer just below 142.50.
There was a reaction, but it looked more like a consolidation. As i did not know what the market in general would do by that time, rally or drop, I stuck with it for a moment.
Eventually I took off the trade break-even to not risk another run to 145 and approach that level with a clear mind.
Trade eventually worked out as the market corrected.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-08 09:34:00 | FB | sell | $142.450 | short |
| 2019-01-08 09:40:00 | FB | buy | $142.280 | short |
| 2019-01-08 09:46:00 | FB | buy | $142.460 | 0 |
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