PANW Trade on Nov 26, 2014 13:02 from Camglinton_BOWS: Tradervue User Stock Trades.

To me it looked like the short term trend was making lower highs and lower lows, but I went back at the charts and noticed the sma's were underneath. Once again I tried to time a reversal but there was not set up and paid... I think I was thrown off by the oversold stochastics. and the last dip had the moving averages below. How should I avoid this or know to go long in the future please.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-11-26 13:02:53	PANW	sell	$119.015	short
2014-11-26 13:02:53	PANW	sell	$119.010	short
2014-11-26 13:02:58	PANW	sell	$119.017	short
2014-11-26 13:15:23	PANW	buy	$119.120	short
2014-11-26 13:15:39	PANW	buy	$119.128	short
2014-11-26 13:15:42	PANW	buy	$119.130	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PANW&trade=1588255&end=20141226&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PANW&trade=1588255&end=20141126160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-11-27 14:54:49

No setup to go short here. Just because a stock approaches a stock resistance does not mean short it. Have to let a pattern form.

PANW Trade on Nov 26, 2014 13:02 from Camglinton_BOWS: Tradervue User Stock Trades.

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