Followed rules, profit.
Setup on daily: Rubber-band Snap-back.
Setup intraday: Green-to-Red - my mistake, it's really not.
Reasons to enter: same as previous.
Concerns: the first snap-back day was already yesterday. The body of the candle today was still above the upper Bollinger Band though. Stochastics were no longer above 80, but slightly under.
Stop: $8.90 - slightly above VWAP.
First target: $8.37 - previous low.
R/R > 2:1 - good!
I was exiting in halves, because SPY is under 50 DMA. I think I should still exit in thirds though, especially to the short side.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-15 09:53:00 | APT | sell | $8.680 | short |
2014-10-15 09:56:00 | APT | buy | $8.310 | short |
2014-10-15 10:02:00 | APT | buy | $8.680 | 0 |
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