ALSK Trade on Dec 5, 2014 09:34 from BenLbTrading: Tradervue User Stock Trades.

I took this short on gap and fade play. Entry was on weak bounce. I closed out the position out of fear of shorting too early in the day even though the setup was there. Dropped another $.15 that I left on the table because I was a chicken.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-05 09:34:40	ALSK	sell	$1.971	short
2014-12-05 09:37:52	ALSK	buy	$1.890	short
2014-12-05 09:48:33	ALSK	buy	$1.878	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ALSK&trade=1602266&end=20150104&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275&study1=ema(200)&study2=ema(50)');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ALSK&trade=1602266&end=20141205121333&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(9)');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ALSK&trade=1602266&end=20141205101333&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275&study1=vwap(none)&study2=ema(9)');}

Comments

tombro

2014-12-05 18:43:59

Well Ben, if you're a chicken...you're a chicken with balls! I don't have the wherewithal to do trades like this yet. Nice trade!

BenLbTrading

2014-12-07 22:37:14

thanks gain tombro. I like to play these when there is a long upper wick on that first candle (meaning to me that it spiked but couldn't hold the upper price for long) followed by a significant red candle. I don't know if this will work all the time but I'm going to keep fiddling with this setup to see if it keeps working.

ALSK Trade on Dec 5, 2014 09:34 from BenLbTrading: Tradervue User Stock Trades.

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