I was already done for the day when I saw BABA.
My levels for resistance were 152.50 and 153.50-154 and 156.
Missed 153.50 earlier and kept watching it when BABA was grinding through it towards lunch.
BABA spiked through it and I watched 154 closely.
BABA formed a decent rejection-candle and another decision-candle right behind it.
I took a stab at it when it broke lows immediately at the turn of the minute.
BABA fell quickly but spiked against me for a moment just to roll over a minute later.
It took a moment until it gathered some momentum to the downside, but I was patient and put my stop above highs.
When BABA slowed at .80 I took a partial with .50 in mind to take off rest.
I did not. I tooke another partial, just to stop out rest moments later.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-16 11:40:00 | BABA | sell | $154.160 | short |
2019-01-16 11:47:00 | BABA | buy | $153.850 | short |
2019-01-16 11:50:00 | BABA | buy | $153.510 | short |
2019-01-16 11:51:00 | BABA | buy | $153.680 | 0 |
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