Shared by
tombro
Entry Kinda late, kinda far from 9ema, but because of the weakness on daily gave it a shot
I should have entered earlier, I saw it tightening, and could've entered in anticipation, but cuz it's such a large stock, I wanted it to play out a little more. while waiting I entered another position, and when I came back, I was a little late
Setup: ORB breakdown,
Where are EMA's: over price kinda extended
EMA's-Direction & details: i missed it when price was much closer to ema - now price is extended from them
Time Frame Alignment:…downtrend on daily. maybe close to Oct gap down open
Volume: good
Market action-Spy-Sectors-stock: Stock breaking down on daily
Stop: Stop 335.66 (Over High of 10am bar 1st Target hit, Stop moved to 332.46 Stop hit
Target: 1st Target 329.48 (Near low of 10/16 bar) 2nd Target 325.26
R/R: 213/305
Are Stop/Target proper: seem 2 b
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-09 10:17:44 | NFLX | sell | $332.530 | short |
| 2014-12-09 10:33:04 | NFLX | buy | $329.480 | short |
| 2014-12-09 10:47:27 | NFLX | buy | $332.460 | 0 |
Comments
kunal00
Oh boy you got to get this at 335 that would've been perfect your nine EMA would've been thrusting down on it too
tombro
Thanks guys, yeah, totally missed the entry, was watching it coil, then looked at something else for a few minutes-Lesson learned
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Not bad. Idea entry was here..http://screencast.com/t/N5vRST5Dph