Anticipating the breakout and break of 23.
AMD found resistance at .94-.95 and pulled back to VWAP.
Here it formed a Decision Candle, but I was too early with my Entry. It broke highs of .90 and I went long, but it pulled back again and I took off half to reduce risk.
It was just a small pullback and AMD started to move and past .95.
Watched 23 test and reject to eventually take off half .97 after the third reject to add back on the break of 23!
There was another small 1m pullback before the break of 23. I was eyeing the tape closely and used a stop limit order 23.01 to add some size. I was filled on the break and took off half once the offer stopped to move at .05 and hit the bid.
AMD spiked to .07 and rejected. Hit the exit break even.
traded a little too nervous, but good. With more size that would have been a nice profitable trade. At current size that is just more or less breakeven, but good practice for my strategy.
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