ESZ1 Trade on Oct 27, 2011 15:20 from grove_under: Tradervue User Stock Trades.

This trade is based on a short call @RenaTrader (

http://www.diamondsetups.com

) made:

[Oct 27, 2011 3:25:05 PM EDT] RenaTrader 1289-91 is key

I entered my short at a much more aggressive (i.e. impatient!) level at 1286.50. If I had listed to Renato, my entry would have been 1288.75, which was 2 ticks below the high of the day.

My exit was based on a confluence of vwap and other levels at 1274.50, which was the exact swing low before it rebounded sharply.

Total profits: +13.50 points

More details on this trade here:

http://grovetrades.blogspot.com/2011/10/how-to-save-your-emotional-capital.html

Execution detail:

Date/time	Symbol	Side	Price	Position
2011-10-27 15:20:31	ESZ1	sell	$1286.50	short
2011-10-27 15:34:28	ESZ1	buy	$1285.00	short
2011-10-27 15:55:39	ESZ1	buy	$1274.50	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ESZ1&trade=69250&end=20111126&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ESZ1&trade=69250&end=20111027171500&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ESZ1&trade=69250&end=20111027171500&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ESZ1&trade=69250&end=20111027161339&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

arullo

2011-11-01 22:45:41

What made you make this trade?

grove_under

2011-11-02 14:49:26

Hi Arullo:
Primarily, I took the short since it was Renato's alert.

But the basis of his call was that there were several different resistance levels all around the 1289-1291 area, so this area offered a good risk/reward trade for a short trade.

ESZ1 Trade on Oct 27, 2011 15:20 from grove_under: Tradervue User Stock Trades.

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