The previous day had a $1.50-ish pullback from this area. So was anticipating (or was it HOPING) it would do it again. I really didn't have any setup- just that it was nearing yesterday's high and that the price action seemed to be tightening.
It did allow me to have a really tite stop,
I guess one of the takeaways on a trade like this is to pay attention after i'm stopped out cuz the idea went on to work
Proper entry was probably around 12:35-40pm?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-11-28 11:19:12 | CUB | sell | $52.540 | short |
2014-11-28 11:39:25 | CUB | buy | $52.620 | 0 |
Thanks Nape! I don't know why it's hard for me to see the ema's. maybe I'll make them a different color on my chart. BTW I think I traded better Friday cuz of your feedback and input. Thank You!!!
You said it yourself in your comments, you didn't have a setup and were hoping it would do something. I lost thousands hoping stocks would do something I wanted them to. My first rule is "no setup, no trade" and its worked well so far. Wait until you have a clear setup (like where Nape showed you in the chart he posted).
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Entry here as it is breaking below the ema's..http://screencast.com/t/jKyY85p7RUw