UPS Trade on Jul 30, 2020 10:22 from gtichauer: Tradervue User Stock Trades.

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Shared by:
gtichauer

 

Pullback to 8sma 2M

Open Type - Super Gap Up on Day2.

R2T - Due to extended Gap, the expectation was a move lower early to digest profit taking, but it quickly got rejected and move higher to new intraday High. Potential Trend Day / Gap & Go.

Trade Management - After new Intraday High and a sharp but ordered pullback I got long > last bar high, repeating same risk management. Partial at 1R and rest at 2R.

Targets / R's: +1.7R

Comments

Positives: Good execution. Was focused to re-enter.
Negatives: Partial too early as stock was strong. Should give more room. Did not pull the trigger after for 3°, 4° and 5° entry opportunities.

MFE Review

Intraday: +8.3R
Weekly: -
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Execution detail:

Date/time Symbol Side Price Position
2020-07-30 10:22:18 UPS buy $139.340 long
2020-07-30 10:29:36 UPS sell $140.220 long
2020-07-30 10:35:40 UPS sell $140.935 0

Comments

Gravatar Rawtradez
August 01, 2020

Wow! What a beautifully executed trade! Literally text book trade. And that 2min chart, a thing of pure beauty!! Lol! Nicely done sir

Gravatar gtichauer
August 01, 2020

Tks bud !! Wish all of them were so straight fwd !!!

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