XOMA Trade on Nov 28, 2014 12:22 from pstark89: Tradervue User Stock Trades.

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pstark89

 

Would have loved to get a little better entry but my thought was it broke immediate support. I would have doubled the position if it ticked up closer to the ma's again. Had to cover only because of end of day.


Execution detail:

Date/time Symbol Side Price Position
2014-11-28 12:22:09 XOMA sell $5.680 short
2014-11-28 12:59:11 XOMA buy $5.650 0


Comments

2014-11-28 23:57:34
 

Hmm, I think the real entry was in the 5.80 to 5.85 area and you could look at it several ways. 1-2-3 Reversal, head and shoulders, Maybe a rubber band setup and a failure for it to make a new high around 12pm.
I think your entry was pretty far away from the MA's and altho the bottom wick on the bar you entered had not formed yet, the huge wick on the HUGE 12:15 candle would give me pause, especially since it hit the morning lows and was rejected to aggressively.
Then while you are in the trade, 8 minutes later you have 2 more bars of price rejection (buyers), so at 12:29 there seems to be 3 bars of price rejection in the 5.60-5.68 area
Maybe I'm over analyzing, and of course this stuff is easier to see in hindsight, but maybe something to think about next time.
WE"LL GET THIS!!!!!

2014-11-29 13:10:05
 

Setup here with stop just above 5.95..http://screencast.com/t/3erAn6t2op

2014-12-01 14:25:27
 

Thanks Tombro. I appreciate your comments. More eyes always do justice!!! :)

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