Play: Bear flag
Couldn't get above VWAP after a big flush, thought it might retest LOD but it had already done its ATR. Should have stayed away. It couldn't break above 10.86 and once it was starting to make lower highs after lunch, I kept bringing down my stop and got stopped out.
The wicks at the bottom shows that it was getting bought up which also was support on the daily.
Bad play on every aspect. Shouldn't have been in this one.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-13 10:59:48 | JDSU | sell | $10.740 | short |
2014-08-13 12:36:19 | JDSU | buy | $10.830 | 0 |
Didn't even see that! Good eye and good reminder! I also noticed that it had dropped 80cents for a stock that has 30cent range. Needed to give it more time to rest.
5 min looked legit, great patience as nice bear flag. Only thing that pops up to me is all that consolidation on daily around 10.60-11.
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30min chart...http://screencast.com/t/V34ZNlrrv
Align trade on multiple time frames.