Shared by
ragy
Trade Setup:
ORB Up
Entry & Trade Management:
The setup was executed correctly and the entry was perfect. I used 2 min chart along with 5 min to determine my entry. The entry on 5 min chart was right at the break of the previous 5 min candle and the VWAP. I successfully took profit at the predefined targets.
Stop Loss:
19.36 - slightly far below the VWAP, but still acceptable considering the large wick in the first 5 min candle.
Profit Target:
19.6 - MA
19.74 - PDC
Risk to Reward:
Risk 12 cents
Reward 12 cents (1:1 Bad)
Reward 26 cents (1:2 Good)
2 Min Chart
https://drive.google.com/file/d/1N0vHnvOe8R49ztyF_pB1_UHjCbxB3zAN/view
5 Min
https://drive.google.com/file/d/1u4XVjw01UVD5un2HiUeztCKlGQcSXo88/view
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-11 09:35:24 | AMD | buy | $19.480 | long |
| 2019-01-11 09:39:04 | AMD | sell | $19.720 | long |
| 2019-01-11 09:39:46 | AMD | sell | $19.580 | 0 |
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