FB traded lower after my first Exit. When FB retested above the 145 Level and formed a long, not so perfect decision-candle I was patient to wait for the next to open and took a long on the break of highs.
It was a fake move. FB spiked up to reverse hard and sell off further. I did not take an exit.
FB retested 145 and the level I should have waited for. There was a consolidation, but no clear entry so I did not take it as I was too hesitant. That was ok. What was bad, was NOT to take off the trade once it made a move into 145.50 and clearly rejected that level. No, I stuck with it and watched it sell off to give me a bad average on whenever I would add.
The 144.50 Level and major support I had marked held to the penny. A Decision-Candle formed and I added on the break of its highs. Great call! Great Add!
FB also formed a higher low with consolidation it broke out of. Into 145 I took off half as this was a recent level.
FB pulled back off 145 for a moment to continue higher. Stopped out of more when it looked like it would reverse. FB found a bid, formed a decision-candle that would have allowed to add back. I did not. But did good on my Exit into 145.50. Hit the High.
For some reason I did not exit the whole position and as it was a tiny portion I did not take it off once I saw the reversal-candles forming and stuck with it.
Next entry was just bad. Backside retest of 144.50 after making a low, lower low and on the higher low. It stuck for a moment, but no follow through. Should have taken off the trade here.
I had 144 in mind for next support and potential add. Did not get there and eventually I took final piece off break-even. Did not like my average and was busy handling NFLX desaster.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-23 10:46:00 | FB | buy | $145.340 | long |
2019-01-23 11:19:00 | FB | buy | $144.630 | long |
2019-01-23 11:30:00 | FB | sell | $144.990 | long |
2019-01-23 11:36:00 | FB | sell | $145.120 | long |
2019-01-23 11:44:00 | FB | sell | $145.480 | long |
2019-01-23 12:05:00 | FB | buy | $144.570 | long |
2019-01-23 12:49:00 | FB | sell | $144.670 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!