The Pullback Setup That Ripped 60% Last Time
StatsEdgeTrading
One trade triggered today. One. And that tells you everything about this tape.
SPY gapped down a hair and spent the rest of the session going nowhere. Yesterday’s candle and today’s candle look like twins. When the broad market chops like this, the system gets quiet — and that’s by design. You don’t force setups that aren’t there.
The one that did fire is DKL — Delek Logistics Partners. Oil and gas pipeline logistics. Boring sector, clean chart. Strong daily uptrend, a 13–14% push off recent lows, then a gap-down pullback right into anchored VWAP support. That’s the trigger. Stop in the low 50s, time stop exits Monday.
Two things worth noting from this setup:
Same pattern, different sector, still works. ADAM triggered the exact same pullback setup weeks ago in semiconductors and ripped 60%. DKL won’t be that volatile — it’s an energy LP — but the structure is identical. You can size bigger on lower-vol names or just add sector diversification.
Discretionary exits have a place inside systematic frameworks. The system says sell Monday. But if a trade is up 60% like ADAM was, keeping a small residual position with house money is a reasonable tweak. The system gets you in and out. Judgment decides whether you leave a few hundred shares on for the tail.
Action plan: let the system tell you when to act. One trigger on a dead tape is not a problem — it’s the filter doing its job.
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