hockeysniper

Analyzing my amazon scalp from april 6 and testing video

NASDAQ:AMZN   AMAZON COM INC
Sorry, this is my 1st video...haha. I work FT , so I have mainly been scalping the past 2 months.
April 6th , markets gapped up 4-5% at open, price was above VWAP in entries. I waited for premiums to go down and usual sell off in 1st hour. I use 15 and 30 min timeframes for scalping. I entered the weekly 2050 call at 10:50 for 10%, then bought and sold my 2nd call an hour later for 20%. Chart pattern I saw was a ascending triangle on 30 min TF.

Comments

How is this Monday looking?
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hockeysniper chrisd1nonly
@chrisd1nonly, All the technicals say pull back, lol. SPY rejected 50 EMA, friday closed with doji and reached 50 % Fib retrace 280. Good Oil news, just announced so might push market higher until bank earnings this week.
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Hey, thanks for sharing the video. What are those yellow and white lines close to the price? What was your exit criteria - is it based on technicals or % of profit?
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@pk1729, The yellow line is 9 EMA and white line is 20 EMA. I exited and just look for 20-50% wins. VIX is still high over 40, so anything can happen overnight. Like the monday morning gap up, alot of shorts were trapped over the weekend.
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Great job
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hockeysniper Jessy_tamen
@Jessy_tamen, Thanks! Hope it helps beginners
+1 Reply
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