Shared by
boldandnuts
NFLX broke out after the Open and put in a decent move.
Resistance: 347-348.57 353
NFLX entered 341-347 prior Gap without levels.
I watched it and was patient. At 345 and a good amount away from VWAP and the level reject on the first attempt.
On the second attempt I used the break of 345 downwards for a break, but did not wait for the candle to finish. NFLX lifted to test 346. On a retest of 345 and that level showing support several times I took a partial off break even. Should have taken off all of it to re-evalue.
Stuck to the rest and missed the entry when it was offered by a decision-candle rejecting 346 before selling off.
First profit into support was ok. faked out on the second. last piece on pullback fakeout as well.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-31 09:53:00 | NFLX | sell | $345.014 | short |
| 2019-01-31 10:00:00 | NFLX | buy | $344.960 | short |
| 2019-01-31 10:11:00 | NFLX | buy | $344.010 | short |
| 2019-01-31 10:15:00 | NFLX | buy | $344.160 | short |
| 2019-01-31 10:25:00 | NFLX | buy | $343.030 | 0 |
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