Followed rules, profit.
Setup on daily: Earnings Breakdown.
Setup intraday: Bear Flag.
Reasons to enter: price was close under 9EMA. Stochastics on daily were not oversold yet either.
Concerns: none. While I was in the trade, I was concerned about an intraday base breakout forming.
Stop: $15.40 - right above 9EMA.
First target: $14.84 - recent low.
R/R 1.2:1 - not good!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-10-29 10:21:00 | XOOM | sell | $15.150 | short |
2014-10-29 10:34:00 | XOOM | buy | $15.000 | short |
2014-10-29 10:47:00 | XOOM | buy | $14.850 | short |
2014-10-29 11:03:00 | XOOM | buy | $14.960 | 0 |
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