Shared by
spyrosz
Market gift. Alert hit as it popped right into R1=major daily resistance level=big volume profile level=$19.5 at the open.
Got short Tier 0, risking stop above 20s, expecting to roll over and sell-off back to where it came from.
Covered bulk at the flush towards S1=$17.5. S1 held, NKLA bounced back to VWAP.
Reloaded size close to VWAP, added one momo tier when it lost the m.average and held below, risking the lower high, expecting to revisit S1=$17.5.
Covered bulk at target and at the flush to $17 whole #.
(-) Bad small reload NOT per pattern I was playing!! Pop and VWAP rejection to the penny BEFORE final leg down is to be expected!
Popped to VWAP, rejected to the penny, got back to S1, flat-line consolidation and a final move lower below $17.
Could have played it a bit better at the end.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-06-03 09:36:09 | NKLA | sell | $19.360 | short |
| 2021-06-03 09:45:38 | NKLA | buy | $17.900 | short |
| 2021-06-03 10:17:49 | NKLA | sell | $18.210 | short |
| 2021-06-03 10:41:00 | NKLA | sell | $18.343 | short |
| 2021-06-03 11:01:29 | NKLA | sell | $18.210 | short |
| 2021-06-03 11:15:44 | NKLA | buy | $17.650 | short |
| 2021-06-03 11:58:01 | NKLA | buy | $17.270 | short |
| 2021-06-03 12:27:22 | NKLA | buy | $17.687 | short |
| 2021-06-03 12:54:23 | NKLA | sell | $17.582 | short |
| 2021-06-03 13:04:06 | NKLA | buy | $17.808 | 0 |
Comments
tradervue2020
Great trade Spyrosz! Any reason why 17.5 is S1? It does not seem to be daily support (levels has not been reached for many days). It is significant from a volume profile perspective. Thoughts?
spyrosz
@dpaleo
I have told you before my friend, I had spent hrs studying your trades and how you execute them!! For a small retail trader like me, getting insight on how a pro trades, is INVALUABLE. From all the free info out there on trading, you sharing your trades, is the one thing that helped me most (farrrr from second), and for that I am grateful to you. Your words means a lot to me.
@tradervue2020
Thanks:) S1=17.3-17.4 area was the premarket low, and also an intraday support pivot the day before.
tradervue2020
Thanks my friend. Wish you great trades and huge profits.
dpaleo
very kind words spyrosz. makes me very happy to read that. Continued growth and profits for us all. Cheers
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another great one. You entered where i got stopped out - well played.
Looks like we trade similarly. Will have to check out some of your trades