Shared by
MarcoG
5Min ORB on ER beats!!
Requirements:
RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: Strictly needed
Long Term Chart : Possible Pocket, trend already defined and strength.
Float: > 20 M
Short Float: Possibly >40%
Institutional Ownership : Possibly > 100%
History of Gap Follower: YES
History of former runner: YES
Major ETF movement and strength: Possibly Trending with strength!
Set-up : 5min ORB
Symbol Name: ETSY
Side : Long
Size : 5
Entry : 65.82
Takes : 66.38 (Achieved)/ 66.75 (Achieved)/ 67.12 (Achieved)/ 67.49(Achieved)/67.90 (Achieved)/ 68.40(Achieved)/ 69 (Not Achieved)
Exit : 65.45
P/R : 4:1
Comments: Super happy for this trade. No hesitation, no fear, just controlling desperately my feelings and sticking to the plan. At first when I have opened the position I have been tempted to close it cause the price started to go against me but this time I have told myself FOLLOW THE FUCKING PLAN!!!!
I did it good. A 4:1 PR means a lot to me.
I have entered for the 5min ORB and added when I needed more shares at first and second pullback. This grant me more takes rather then keep 1 share going on.
This trade is to my father! Love you man!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-26 09:37:43 | ETSY | buy | $65.820 | long |
| 2019-02-26 09:38:35 | ETSY | sell | $66.390 | long |
| 2019-02-26 09:38:40 | ETSY | sell | $66.800 | long |
| 2019-02-26 09:40:08 | ETSY | sell | $67.010 | long |
| 2019-02-26 09:40:33 | ETSY | sell | $67.500 | long |
| 2019-02-26 09:45:03 | ETSY | buy | $67.890 | long |
| 2019-02-26 09:46:02 | ETSY | sell | $67.910 | long |
| 2019-02-26 09:48:09 | ETSY | buy | $68.420 | long |
| 2019-02-26 09:48:20 | ETSY | sell | $68.560 | long |
| 2019-02-26 09:53:11 | ETSY | sell | $68.630 | 0 |
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