Shorted too far away from the crack at 11.85. Was looking for 11.00 to break. Probably needed to test it a few times before letting loose. Will watch on Monday.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-12-19 14:33:44 | CUBA | sell | $11.270 | short |
2014-12-19 14:33:45 | CUBA | sell | $11.275 | short |
2014-12-19 14:33:52 | CUBA | sell | $11.277 | short |
2014-12-19 14:33:53 | CUBA | sell | $11.278 | short |
2014-12-19 14:51:03 | CUBA | buy | $11.460 | short |
2014-12-19 14:51:03 | CUBA | buy | $11.460 | 0 |
well its extended but it did have a rest day the previous day which gave it enough juice for the run...
on this particular setup i do like ur intraday setup its valid it just happens to be the daily wasn't ready
rubberband shorts will often take 3-4x before u nail the big one
@Emilie,
I agree with Kunal with it having that rest day it gave it more energy to move higher. Check the stochastic here. It is only showing 77 which is not overbought. One other thing I'm looking at is it held up pretty nicely going into the close on Friday after tapping that 11.85 level multiple times. If it breaks that 11.85 spot it could have one more run in it before it is a short. Have it on watch next week for sure.
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Yep I definitely like this for a multiple tap breakout over 11.85.