I scan this trade last night so I have a plan in the morning. I wait for the top and it's already show me the high of $9.98 and higher low of $9.91. I start in short at $9.82 for a quick morning wash and cover $9.51 for $0.30 profit and done with that trade, maybe visit later in the afternoon. I revisit after 12:00 pm, I saw the support level of $9.04 at the circle twice. So my plan is to start in short if that level fail. I start in short $9.03 and short more $8.99 anticipate the $9.04 break. I didn't cover at $8.86 and it's jump back above $9.04 risk level. I scale back out 1/2 of my position at $9.13 then the drop below $9.04 again. It's kinda trick me there on that cover so I start in another short at $9.02 for the crack of $9.04 again. This time I decided to hold if it's go up and put my risk level at the VWAP instead of $9.04 and be patience because I can alway scale in. It start to fade after the VWAP and fail $9.04 again. I add some more short at $9.03 for EOD drop and sure the plan was right. I cover 1/2 at $8.77 because it's hold $8.72ish. Cover all position at $8.78 and be done with GREEN day with good profit from the morning trade and afternoon trade.
More notes from this chart below. Circle is the spot that I saw and if it fail those line, I am start in short.
Daily chart show very beat down, any pop consider a good short and base on the risk level.
Enjoy the weekend.
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