Thesis: Buyers seemed to regain control based on anchoring VWAP to the moment of news release. Opened short when price get back below anchored VWAP from yesterday point of selling.
Stop: Placed my stop-loss above breakdown bar.
Entry: I have entered position at the close of candle below VWAP.
Targets: there was no clear targets for this trade. I wanted to see how the price might act in setups like this.
Breakeven point: was set after 2 minutes in the trade.
Profit taking: was not performed.
Comments: I see the potential in this setup as a scalp trade.
Lessons: Need more data to become more valuable and reliable setup.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2023-11-21 09:48:02 | AI | sell | $28.510 | short |
2023-11-21 09:52:49 | AI | buy | $28.420 | 0 |
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