Shared by
JimFrey
Daily chart revealed a ER BD from a macro trendline with very nice pockets to the downside to trade. PreMarket consolidated around the DL @133. On open, PA dropped to pivot @131 on 1st candle setting up the fade on next candle. I missed my starter entry at VWAP @132.78 by hitting the wrong montage button and was filled @132.39. Stop above VWAP. Added @132.62 and took some money off the table @130.11 and 129.00. Added back in during consolidation @129.67 and scaled the remainder out through chop. Attempted to enter again with small size for a quick scalp. I diddn't want to give back any profit. Was targeting big pocket to 128.50 from 131.50.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-27 09:39:28 | PANW | sell | $132.390 | short |
| 2016-05-27 09:45:52 | PANW | sell | $131.620 | short |
| 2016-05-27 09:48:43 | PANW | buy | $130.110 | short |
| 2016-05-27 10:07:57 | PANW | buy | $129.000 | short |
| 2016-05-27 10:26:25 | PANW | sell | $129.670 | short |
| 2016-05-27 10:33:01 | PANW | buy | $128.720 | short |
| 2016-05-27 10:49:19 | PANW | sell | $129.610 | short |
| 2016-05-27 10:53:51 | PANW | buy | $129.930 | 0 |
| 2016-05-27 10:59:50 | PANW | sell | $130.010 | short |
| 2016-05-27 11:10:04 | PANW | buy | $129.640 | 0 |
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