Shared by
amd2709BOWS
Max Order Qty 200
Symbol lnco
Setup orbd
Price Tnd, Agmt dec 3
Support $15.25
Resistance $15.70
Volume low
Stochastics 65dec
News oil
Concerns, Comments chase. Better 15.65
Order Price $15.60
Stop Loss $15.90
Target Price $15.00
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-01 10:25:02 | LNCO | sell | $15.600 | short |
| 2014-12-01 10:25:03 | LNCO | sell | $15.600 | short |
| 2014-12-01 10:25:03 | LNCO | sell | $15.600 | short |
| 2014-12-01 10:34:12 | LNCO | buy | $15.460 | short |
| 2014-12-01 10:34:12 | LNCO | buy | $15.460 | short |
| 2014-12-01 10:34:12 | LNCO | buy | $15.460 | 0 |
Comments
tombro
Hey drew, another thing caught my eye on this, (and sorry for making all these comments-but I took the thing kunal said about look at others trades and comment on them to get more reps of deliberate practice) but you have this labeled as an ORB, and I'm pretty sure an ORB would be entered at the 6:45 bar around 15.70, or if you considered the opening rang the area between your entry and the open the "breakdown" was15.20 and hasn't happened yet. I say the different times cuz in the book and on the examples in the "setups" section of the website, to me at this time it isn't totally clear what the "opening range" is, But the entries are marked at the break (not to say you couldn't anticipate). From the looks of your entry and whats in the book, this looks like a First Pullback Sell(pg 132)
I think really the ORB was the 6:45 bar (pg115)
But hey...maybe I'm wrong. I'm just trying to get better at recognizing these things too!
Good Luck!
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I made a similar comment on another one of your trades...It kept making lower highs until 8:15. when it finally did make a higher high, it actually couldn't CLOSE above the high of the bar before, and couldn't do it on the next bar either. If you were nervous, you coulda taken a partial here, but after these 2 bars of trying to go higher...it continued down, making lower highs until 9:10 with a high of 14.67.
BTW I disagree with your concern/comment, I think your entry was great, it's your exit that sucked