Stop: 96.00$
R: -0.5
Dividend: 1$
YClose: 96.39$
Magic Price: 95.37$
Well, this one almost got me, and I'm glad I had another profitable trade on at the same time.
This is my best setup, so I wanted to play it with size and risk the daily max loss on it....which was reached when I had to bail out the first time.
I really should focus on the last minutes of the previous day. If I did, I could have spotted the overnight shorts into dividend gap and this was the reason for the opening drive up.
There was strong resistance at 96.20$ so I got in another time with size and risk above 96.25 and this time it ran.
Close at LOD.
Execution detail:
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