Daily Setup: Bounce @ support level(105)
Intraday Setup: Oversold into support, RDR on 2 minute
Layers of Probability:
Entry: 1st attempt: added into 105, stopped after break through.
2nd attempt was watching 2 minute for RDR
Stop: LOD once pivot
Profit Strategy & Targets: 50% 1:1, 106, addbacks at 105
Thoughts/Thesis/Notes during the trade:
bought vs. 105, fairly large as it was holding 105. Flushed and marketed out, over risk.
watched that 2 minute candle for RDR, low risk and marketed in.
Covered risk. Still fairly weak but nice 2 minute candle
next tgt 105.45, bit greedier due to extension; 8 ema @ 107 and VWAP 106
now 5 minute closed w/ decent tail, still weak though. Stop at LOD
UVXY bit of an uptick
5c from offer
Will hold remaining 1/4 (if next offer fills) to see if it can get daily
Forgot price over $100 can sell less than 1 lot. Sell 50 more into $106; although it already ticked there and now pivoting down;
And right back up, and right back down.
Added back into 105, offer for half of addback at 106
Areas of Success: Good use of addbacks
Areas to Improve:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-04-28 09:41:00 | AMZN | buy | $105.010 | long |
2023-04-28 09:41:00 | AMZN | sell | $104.670 | 0 |
2023-04-28 09:42:00 | AMZN | buy | $104.560 | long |
2023-04-28 09:43:00 | AMZN | sell | $104.950 | long |
2023-04-28 09:48:00 | AMZN | sell | $105.450 | long |
2023-04-28 09:57:00 | AMZN | sell | $106.000 | long |
2023-04-28 10:04:00 | AMZN | buy | $105.100 | long |
2023-04-28 10:13:00 | AMZN | sell | $105.950 | long |
2023-04-28 10:23:00 | AMZN | sell | $106.500 | long |
2023-04-28 11:00:00 | AMZN | buy | $104.970 | long |
2023-04-28 12:06:00 | AMZN | sell | $105.950 | long |
2023-05-01 09:30:00 | AMZN | sell | $104.810 | 0 |
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this is a beautiful trade in all ways!!