Shared by
firesky_BOWS
SHORT SWING POSITION: Bear flag formation on the daily/weekly. Lately there have been higher volume selling days than days and with the range squeezing, it looks like it'll move soon. Bought in near the top of the flag with a stop at $1.81. Targets are at $1.61, $1.54, and $1.30. Corresponding R/R's are 2.3, 3.5, 7.5.
11/7/2014: Took profits at $1.69.
11/17/2014: Two targets hit, took profits at both. Moved my stop to $1.65.
11/20/2014: Came back and hit my stop, all out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-11-07 09:48:00 | PIP | sell | $1.750 | short |
| 2014-11-07 10:51:00 | PIP | buy | $1.690 | short |
| 2014-11-17 09:31:00 | PIP | buy | $1.620 | short |
| 2014-11-17 15:58:00 | PIP | buy | $1.550 | short |
| 2014-11-20 11:01:00 | PIP | buy | $1.650 | 0 |
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