SPY Trade on Dec 4, 2014 11:44 from tombro: Tradervue User Stock Trades.

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tombro

 

I need to act less on what I THINK the move will be, just collect the evidence at hand.
Totally did not see the 1-2-3 Reversal, ema's beginning to turn up,8:30 higher low and that big lower wick,A bit extended on 5 minute,didn't slo when it regained yesterdays low at 207.10, and ITS A BULL MARKET.
evidence for short-it gapped down on open, it's extended on daily (but has continued to hurt shorts)

IF...I had entered Long (1-2-3)at 11:35 @ 1.32,at 12:05 Exit 1/2 @ 1.65,at 12:10-25 Exit 1/4 @ 1.81, at 12:45 close @ 2.06, woulda made my day ($900 or 1150 difference in outcome)
On the 5 minute chart starting at 11:30-each bar had a higher low (except for 1 which had the same low as its previous bar) until 9:45

Setup: Not for a short. My entry was a good 1-2-3 long setup entry tho
Where are EMA's:Price @ 9ema, 20ema overhead
EMA's-Direction & details:9 & 20 have started to curl up,also they are very wide apart
Time Frame Alignment?:mixed, 30 min choppy, daily near new highs
Market action-Spy-Sectors-stock:Near highs but getting choppy and gappy in previous 2 weeks
Stop: ? Target:? R/R:? Are Stop/Target proper?:? Reasons for exits:? 
Once again, adding when it moves against me proves to be a better place to exit


Execution detail:

Date/time Symbol Side Price Position
2014-12-04 11:44:14 DEC1 14 208 PUT buy $1.180 long
2014-12-04 11:51:45 DEC1 14 208 PUT buy $1.100 long
2014-12-04 11:55:44 DEC1 14 208 PUT sell $1.070 0


Comments

Gravatar kunal00
2014-12-04 23:13:49
 

i don't know anything about options but i am watching! i see it on charts

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