Daily Setup: Bounce on daily support
Intraday: No setup, could argue the extension on the 15 and higher time frames, but no clear reversal setup
Long near support level w/ DO callout. Sold 1/3 near last pivot high for the 1:1. I was thinking I should cover more sooner due to the market weakness, glad it worked. My thinking was to hold larger size for a larger move and there was really good support on the daily. Second sell @ 37.7 s/r level, which I moved closer with the close coming soon. Closed all before close.
Layers of probability: Big daily support, extension on 15 and higher time frames, EOD bull run has been common
Entry: 36.8-37.2 area
Stop: below $37, then moved to LOD once risk covered
Targets: Most recent pivot high, then 37.7 base, moved as close got closer
Successes: Low risk entry w/ appropriate size, targets at logical levels, great daily setup
Areas to improve: I was watching for an intraday candlestick setup, but went long when DO called the long, I didn't see the setup. I do see a doji on the 15 now, but did not while trading.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-03-07 15:02:00 | TNA | buy | $37.270 | long |
2023-03-07 15:16:00 | TNA | sell | $37.460 | long |
2023-03-07 15:37:00 | TNA | sell | $37.600 | long |
2023-03-07 15:39:00 | TNA | sell | $37.690 | long |
2023-03-07 15:58:00 | TNA | sell | $37.440 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!