+$489 AMD Failed ORB but Reversal Catch after Chop City! NVDA VWAP Breakout!
Trade Date: 7/10/24
AMD was setting up for an ORB to R5/PM High but we rejected and after a few partials stopped out on slippage.
Tried a reversal as we looked to hold YYH but stopped out at R3 multiple times. My concern was AMD's extension on the daily and if we broke LOD, we would tumble hard/fast. Should have waited to see if we would hold R3 before entering. Then at 9:40 the price action slowed and the bids dried up, bottom was in, saw this as the last chance to long for a reversal from R3 and partialed at Yesterday High.
NVDA bounced off R1 nicely and held R2, I went for a classic VWAP breakout to R3/Yesterday High/ and high of Pre-market.
This was a clean trade I am proud of after getting chopped up in AMD.
#AMD #NVDA #NVIDIA #VWAPBreakout #ORBFail #Reversal