Shared by
cyoungmark
VERY nice ORB setup. Got long on the second 5 min candle near the lows of the day. Low risk entry. Took half off around 32.60. Let the rest ride to 33, near previous day resistance.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-06-29 13:36:11 | TWLO | buy | $32.130 | long |
| 2016-06-29 13:46:06 | TWLO | sell | $32.640 | long |
| 2016-06-29 13:49:00 | TWLO | sell | $33.000 | 0 |
Comments
cyoungmark
Yeah I'm using a different sim so I think I'll just switch to Prodigio. I've realized the sooner I'm in to a move and closer to the low of day, the more comfortable I am. If I get in closer to the highs and buy the break and any pull-back occurs I get nervous since my stop ( low of the day ) is further away.
LPeriman_BOWS
That will be critical (buying near support, selling/shorting near resistance) when the market is in flux.
My only suggestion is to either adjust your exit reasons IF they need it, OR don't take your eyes off your plan. TWLO has given several reasons to enter (setups) and few reasons to exit. http://screencast.com/t/tpAp60DH0
It looks like it may be setting up for a VWAP bounce and EOD run still.
Thanks for taking interest in my trade and providing feedback! I'll hopefully be able to adjust my exits to attain higher profits down the line
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Gotta fix your times when you import your trade so they show up on the chart. The times listed on your trades haven't yet come.
Regardless, you called this an ORB, but you played it in anticipation. Nicely done. If you were wrong, it would have cost you little. Shame you weren't able to hold some for the real move, or even just re-enter on the pullback, but the fact that you entered based on a setup and exited based on your reasons is really nice. Good job!