Shared by
Goku_BOWS
Daily Setup: Inside day and up
Intraday: Inside 5 and up
JPM has been one of the most relatively strong bank and has an inside day. Gapped up and filled the gap and formed a nice consolidation range. The 5 minute chart was forming an inside 5 as well so I entered a bit early. That 5 did not close as an inside, but the following did, so I added with the break of that inside 5. Markets were also testing highs at that point in time and looked to break higher. Stopped out
Layers of probability: Relative strength in sector, daily and intraday aligned, banks oversold
Entry: Inside 5
Stop: Low of inside 5, once confirmed
Targets: 1:1, trail last lot to $138
Successes: Followed my stop
Areas to improve: Not a huge edge here, just based on recent news/action.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-03-14 09:59:00 | JPM | buy | $133.260 | long |
| 2023-03-14 10:06:00 | JPM | buy | $133.430 | long |
| 2023-03-14 10:09:00 | JPM | sell | $132.790 | 0 |
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