Shared by
jdsupangco
TRADE: Short
PATTERN: 5-minute Opening Range Trade
RISK: 46.37
ENTRY: 46.06
EXIT: 46.37 (-1.00R)
Was down on bad news. Entered on a bearish candle. Corrected to VWAP and held with 3 bullish candles. This was a signal to get out as VWAP held.
REMARKS: Watch where the candle holds. VWAP can serve as support. This could have been an ABCD pattern with a risk at 45.92 and a target of 46.51 and 47.00 for a good risk-to-reward
POINTS FOR IMPROVEMENT: Exiting quickly when support holds.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2024-01-04 09:35:28 | INTC | sell | $46.052 | short |
| 2024-01-04 09:35:28 | INTC | sell | $46.060 | short |
| 2024-01-04 09:35:28 | INTC | sell | $46.050 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.368 | short |
| 2024-01-04 09:45:27 | INTC | buy | $46.370 | 0 |
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