NFLX Trade on Jul 20, 2016 10:11 from JimFrey: Tradervue User Stock Trades.

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JimFrey

 

Watched this because of prior day's big sell off on volume in addition to a premarket gap. It also formed a premarket consolidation pattern just under the high of previous day (acting as a resistance level. At open, my plan was to short from the rejection of the Daily resistance, but missed the trade. After a nice fade, it again retested the DR at 86.76 and again rejected it. Since it was fading into ema/VWAP support, the plan was to short on a close below the VWAP. However that was rejected handily. I was watching the price action and as it approached the 86.76 and noticed a surge of volume on Level 2 and placed a limit order at 86.76. Added at a micro-pullback then scaled out. Entered again with a smaller position on the PB to support and exited at better than my pivot target at 88.11.


Execution detail:

Date/time Symbol Side Price Position
2016-07-20 10:11:57 NFLX buy $86.770 long
2016-07-20 10:20:37 NFLX buy $87.190 long
2016-07-20 10:26:41 NFLX sell $87.400 long
2016-07-20 10:40:33 NFLX sell $87.700 long
2016-07-20 10:48:29 NFLX sell $87.630 0
2016-07-20 11:00:19 NFLX buy $87.490 long
2016-07-20 11:25:25 NFLX sell $88.240 0


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