📉 +$443 Trade Recap: AMD Short to Pre-market Low then ORB Long to the Camarilla Pivots🚀
Trade Date: 6/14/24
1st trade, AMD had a nice reversal off pre-market low to S1, saw a quick rejection and went short (small size as I was not that confident) to VWAP/S2 and PM/S3 low targets. We sold off nicely on the retest of PM low but Doji'd out. AMD was holding VWAP for a potential squeeze higher, and I exited before B/E. Better to get out for some profit than wait for a stop out at B/E if you sense it!
2nd trade, beautiful bullish 1st 5-min candle, 2nd candle also had a great wick and we were above VWAP. Saw momentum flowing for an ORB higher and went long (heavy size) for HOD break towards S1 then to PDC/R1, large orders at $160, and a final push to R2 goal. We ended up testing R3 but by that time we were extended and wicked on decent volume for the rejection.
#AMD #CamarillaPivots #ORB #OpeningRangeBreakout
Technology evangelist and writer
1moAmir Sherman it’s always a pleasure talking to you!