The first chart is the daily timeframe which highlights the pivot points I was looking at in pre-market for a potential short. At the time, JCOM was trading above $32.00, however, in the minutes prior to the open, it fell sharply.The next chart is the 15 minute timeframe which shows that my pre-market setup was invalidated on the open when both pivots were captured by the OR bar.
These next two charts are 5 minutes and highlight my entry and exits.
My first trade was a short which I based on a potential retracement of the ORL to the first swing high. I was hoping for at 62% retracement, but I only got 50%. I traded it textbook style, trailing a stop above the previous bar high and I was stopped out for a tiny profit.
When price closed above $32.00, I decided to take the next low risk entry long, either a B&B at the morning swing high or a NRB. My NRB (inside) popped up almost immediately and I was long. A few bars later JCOM carved out a NR7 inside bar at the cusp of the round $ number and that's when price expanded in earnest. I booked at partial as price closed the gap and trailed my stop on the balance. Another entry was taken late in the session on a B&B setup.
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