YMU4 Trade on Jul 11, 2014 10:36 from PriceAction: Tradervue User Stock Trades.

If you're only looking at the 1min chart, then this entry was great. BUT, BUT, BUT!
But if you had taken a breather and looked at both your 60 & 15 min charts, you would've seen that on the 15-min chart, there was a hammer candle (shortly after 9:00AM).

A hammer candle indicated that the bulls are in control, at the end of downtrend. NOT ONLY That, but the hammer candle on the 15min chart is a GREEN candle. That's even more of an indication that the bulls are getting back on the saddle.

Why did I take a short position on a higher LoW from both the 60 & 15 min charts? This was definitely an impulsive move NOT to be repeated.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-07-11 10:36:44	YMU4	sell	$16816	short
2014-07-11 10:48:12	YMU4	buy	$16828	short
2014-07-11 10:48:12	YMU4	buy	$16828	short
2014-07-11 10:48:12	YMU4	buy	$16828	short
2014-07-11 10:48:12	YMU4	buy	$16828	short
2014-07-11 10:48:12	YMU4	buy	$16828	short
2014-07-11 10:48:12	YMU4	buy	$16828	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YMU4&trade=1152428&end=20140711111412&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YMU4&trade=1152428&end=20140711171500&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YMU4&trade=1152428&end=20140711171500&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YMU4&trade=1152428&end=20140810&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

YMU4 Trade on Jul 11, 2014 10:36 from PriceAction: Tradervue User Stock Trades.

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