Gap-down on the daily. ORB play. Had a good entry but didn't hit my target.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-08-13 09:49:19 | CREE | sell | $44.590 | short |
2014-08-13 10:44:48 | CREE | buy | $44.770 | 0 |
I realized that while I was in the trade but my stop was at the top of the red candle therefore I was waiting to achieve a 2:1 r:r. What do you suggest I do for next time?
From the top of that red candle down to the three red candles in a row it fail like seventy plus cents, so technically the entry was a bit late. With that being said you would have take what the setup give you.
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Three red candles in a row. Have to cover a few shares when you get that.