SNAP breaks out: to fill gap, return to weekly volume profile

30. Mai 2018

SNAP has closed above the daily downward trend. A long here on the daily timeframe could give good R:R if risked off all time lows with a target at the weekly volume profile, which coincides with filling in the recent gap.

7. Juni 2018

Anmerkung

Entry @ $10.99

8. Juni 2018

Anmerkung

Current price 13.29 very tempting to sell here at significant resistance but will hold for our target.

18. Juni 2018

Anmerkung

Touchdown on take profit. Did not execute take profit (sadly!) but thats ok. Thing is I think chances are low we can get above 15.00 so I should have stuck with that take profit. Simply did not have the limit order in. Didn't see alarm in time.

20. Juni 2018

Anmerkung

today's lesson: set your limit orders

25. Juni 2018

Anmerkung

H&S on 1 hour timeframe shows us a possible stop sell to get out of this good-trade-gone-bad.

27. Juni 2018

Anmerkung

H&S on the 1 hour timeframe shows a hourly close and daily close below the trendline (no lower low/orange line): Good exit could have been during last 5 minutes before daily close. Probability leans towards tomorrow opening lower low.

14. März 2019

Trade geschlossen: Stop wurde erreicht

Wow finally got out of this at 11.12

What a ride. Set your limit orders, folks!! I had money tied up in this for 10 months!