SE Trade on Mar 4, 2019 09:42 from MarcoG: Tradervue User Stock Trades.

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MarcoG

 

Consolidation Squeeze Play above pm high! Gapp Fill on ER Miss!!

Requirements:

RVOL: Possibly >1.5
pmVOL: Possibly >50 K
avg Vol: > 1M
Vol @ Day : > 1 M
Gap: If possible but not 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: Neutral
History of former runner: Possibly YES
Major ETF movement and strength: Possibly Trending with strength


Set-up : Consolidation Squeeze Play
Symbol Name: SE
Side : Long
Size : 8
Entry : 21.77
Takes : 22.19 / 22.47 / 22.89 / 23.45
Exit : 21.49
P/R :

Comments: Gap in pre-market and good supporting news. The gap fill could have been one of the possible scenario. I have entered for the Consolidation Squeeze Play. The stock didn't breakup and stayed at same price area. Level 2 gave a lot of buyers and increasing volumes reason why I felt confident in trading it. Exit in this kind of scenario considering my entry is the only solution. After this trade I didn't enter any other position. If I lose only 2.24$ in a day I will have more chances to finish the month green even if I could easily spot the movement happened after in the afternoon. Did is not my usual way to trade, after a couple of hours if no setup configure I no longer trade.


Execution detail:

Date/time Symbol Side Price Position
2019-03-04 09:42:27 SE buy $21.770 long
2019-03-04 09:53:22 SE sell $21.490 0


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