Shared by
ctxtrd
Used VWAP break down based on triangle projection
Met Target from triangle - hit tight stop
Being that this was driven as a VWAP Rejectio, it makes more sense this should be called a Trend Trade - VWAP and not a DSC Tri
The set-up:
Vwap Rejection
Time Frame
1m
What I did Right:
- Waited for pattern to appear
- Took profit as it went on my direction
What I did Wrong:
- I got in before confirmation since I used vwap rejection
Where I could improve:
Trade grade: A
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-12-06 09:54:06 | AMZN | sell | $146.350 | short |
| 2023-12-06 09:57:56 | AMZN | buy | $146.150 | short |
| 2023-12-06 10:01:06 | AMZN | buy | $145.620 | 0 |
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