Shared by
tombro
Setup:Pullback to price resistance (top of morning prices after gap down). Maybe shoulda waited for some price weakness to show up 1st
Where are EMA's: Price over EMA's
EMA's-Direction & details:I was aware of the ma's starting to curl up, but was hoping the sellers during the first 35 minutes of the day may still be around
Time Frame Alignment?: price in Downtrend on daily, moving up to resistance on 30 min
Volume: vg
Market action-Spy-Sectors-stock: Energies in the toilet
Stop: 8.17
Target:7.94 1st target
R/R:almost 1:5
Are Stop/Target proper?:Target a little too far • 8.01 better (previous level / whole #
Too bad I didn't watch for re-entry
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-04 11:44:57 | CLF | sell | $8.130 | short |
| 2014-12-04 11:45:19 | CLF | buy | $8.170 | 0 |
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