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bbango_BOWS
This chart was showing signs of multiple tap / flat bottom pattern, but didn't give a lot of follow through. After looking at the charts on tradervue,the pattern was kind of sloppy and I chased on my entries and it wasn't coiled enough.
The logical entry would have been around $113.30 right before noon as it broke the trend and I could have rode it down the entire afternoon.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-26 13:34:43 | BABA | sell | $112.620 | short |
| 2014-11-26 13:34:43 | BABA | sell | $112.620 | short |
| 2014-11-26 13:34:43 | BABA | sell | $112.620 | short |
| 2014-11-26 13:34:43 | BABA | sell | $112.620 | short |
| 2014-11-26 13:49:02 | BABA | buy | $112.780 | short |
| 2014-11-26 13:49:02 | BABA | buy | $112.780 | 0 |
| 2014-11-26 14:13:11 | BABA | sell | $112.530 | short |
| 2014-11-26 14:13:12 | BABA | sell | $112.530 | short |
| 2014-11-26 14:13:12 | BABA | sell | $112.530 | short |
| 2014-11-26 14:13:12 | BABA | sell | $112.530 | short |
| 2014-11-26 14:17:07 | BABA | buy | $112.350 | short |
| 2014-11-26 14:33:26 | BABA | buy | $112.740 | 0 |
| 2014-11-26 15:16:00 | BABA | sell | $112.500 | short |
| 2014-11-26 15:55:20 | BABA | buy | $112.360 | short |
| 2014-11-26 15:55:22 | BABA | buy | $112.360 | short |
| 2014-11-26 15:56:17 | BABA | buy | $112.411 | short |
| 2014-11-26 15:56:17 | BABA | buy | $112.412 | 0 |
Comments
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Recognize the trend. Every pop was getting sold off so ideally you want to short the pops where you were covering at...http://screencast.com/t/YT4EQtJq3d