Shared by
boldandnuts
I watched NFLX trade above recent HoD and when it came towards the 336 level, crossed it and I saw it not moving further I waited for the candle to close.
On the next candle I anticipated the break of lows and took an entry on the break of 336 for an entry. Great call.
335.50 offered some support and I took a partial on the bounce. Market looked strong and NFLX as well. NFLX made a retest higher, but rejected to trade lower.
More off at local low above 335. Great exit. No follow through. NFLX traded higher bouncing off the EMA9.
Out break-even at break of 336. Here I was patient to watch the bid step up. Ready for a re-entry. Glad I waited and traded well. It found a bid to make a leg up!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-25 11:20:00 | NFLX | sell | $335.980 | short |
| 2019-01-25 11:21:00 | NFLX | buy | $335.580 | short |
| 2019-01-25 11:24:00 | NFLX | buy | $335.140 | short |
| 2019-01-25 11:32:00 | NFLX | buy | $336.000 | 0 |
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