Shared by
spyrosz
Back below the major ascend. resistance line=upper boundary of channel sitting at R1=$230, and right in-front of S1=major daily support level/inflection point=$227. Break and hold below S1=$227, then it could go easily towards $215-220 area.
Premarket plan was to "short" the opening pop to yesterday's close=$228, risking max. stop $229=yesterday resistance pivot, expecting to break and start holding below S1=$227 for the move lower.
Traded my plan. Got short filler size at the pop to yesterday's close=$228, risking above R1=$230, offer for Tier 0 size in-front of R1=$230 didn't get hit for cents:(( and I didn't pay attention, so remained under-sized.
Covered small at the flush to $225, reloaded + added more size at the backtest of S1=$227, risking $228, expecting to hold below and move lower as market was getting hit.
Tried it twice but CAT had other plans. Once it broke the wedge to the upside + reclaimed yesterday's close I had to bail for a small loss.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-04 09:32:37 | CAT | sell | $227.960 | short |
| 2021-05-04 09:48:58 | CAT | buy | $226.200 | short |
| 2021-05-04 09:53:02 | CAT | buy | $225.730 | short |
| 2021-05-04 10:10:23 | CAT | sell | $226.890 | short |
| 2021-05-04 10:15:28 | CAT | sell | $226.410 | short |
| 2021-05-04 10:22:20 | CAT | buy | $227.630 | 0 |
| 2021-05-04 10:52:40 | CAT | sell | $226.710 | short |
| 2021-05-04 11:36:35 | CAT | buy | $228.120 | 0 |
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