Shared by
GB_Chicago
i noticed that this rubber band snapback setups have a great risk reward but got to be very quick and rigid with your risk management. If you stick with the plan is gonna bring me money. This rubber band snapback works well with great companies where the big firms are involved, not a crapy company. Also have to be aware why is falling and be very caution about!! Eventually when it comes to this setup it will be necesary to try couple times, watch when the it riched the most vol and also buy quick when the bids starting piling up and offer taking out, stop at the low.
Take quick profits but let 1/3 run, witch i dint do in this trade!!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-10-30 10:01:58 | FB | buy | $73.620 | long |
| 2014-10-30 10:02:51 | FB | sell | $73.770 | long |
| 2014-10-30 10:02:53 | FB | sell | $73.870 | long |
| 2014-10-30 10:10:08 | FB | buy | $73.970 | long |
| 2014-10-30 10:10:19 | FB | sell | $73.970 | long |
| 2014-10-30 10:10:37 | FB | sell | $73.940 | long |
| 2014-10-30 10:13:39 | FB | sell | $73.890 | 0 |
| 2014-10-30 10:53:09 | FB | buy | $73.010 | long |
| 2014-10-30 10:53:30 | FB | buy | $73.040 | long |
| 2014-10-30 10:53:53 | FB | buy | $73.030 | long |
| 2014-10-30 10:53:59 | FB | buy | $73.030 | long |
| 2014-10-30 10:57:39 | FB | sell | $73.240 | long |
| 2014-10-30 10:57:41 | FB | sell | $73.240 | long |
| 2014-10-30 11:00:03 | FB | sell | $73.470 | long |
| 2014-10-30 11:03:46 | FB | sell | $73.380 | 0 |
Comments
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these setups are beyond me so I won't have a comment except be careful!!!