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Jan 10, 2019 12:13


Bottom Bounce Good Entry Good Exit Half Dollar OGT Support Play

I had 149.50 down for support. BABA had tested 149ish after the Open and during pre-market.

When it came back down from 151 it looked extended and I watched closely into the half dollar.

When I saw the bid hold I opened a starter with the break of half dollar as stop. Don't know why I just took so small size when I had planned to stop out below and not scale in...

The level held and I gave it a moment to play out. It pulled back again and looked like it would break the half dollar but did not make the lows.

My first target was .90 but I took it off too early as .75 showed resistance.

Of course it reached .90 to the cent.

It pulled back but I was hopiing for it to make a higher low and retest .55ish.

It did! I stuck with it and waited for VWAP to take off more. Perfect Exit!!!

Even hit the Decision-Candle for the final piece.

Execution detail:

Date/time Symbol Side Price Position
2019-01-10 12:13:00 BABA buy $149.550 long
2019-01-10 12:17:00 BABA sell $149.770 long
2019-01-10 12:28:00 BABA sell $150.145 long
2019-01-10 12:34:00 BABA sell $150.340 0

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