Was looking for a rejection at MA's on this bottom bounce. Daily was pretty extended to the downside for this to have power. I went in pretty small and close to support, so I am pretty happy with my risk mitigation here.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-09-22 10:44:55 | TASR | sell | $15.670 | short |
2014-09-22 10:44:55 | TASR | sell | $15.670 | short |
2014-09-22 10:44:57 | TASR | sell | $15.670 | short |
2014-09-22 11:14:25 | TASR | buy | $15.760 | 0 |
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Good potential on it. I do remember though that szman always says, when the first candle is huge like that, it makes it harder to trade but your stop was perfect with a good entry when break the 9ema