Shared by
ChristopherBlanco_BOWS
Pullback. I thought this would bounce and it went flat. It was low risk. I had a tight stop.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-12-16 12:04:11 | ONVO | buy | $6.530 | long |
| 2014-12-16 12:04:17 | ONVO | buy | $6.530 | long |
| 2014-12-16 12:04:23 | ONVO | buy | $6.530 | long |
| 2014-12-16 12:04:29 | ONVO | buy | $6.530 | long |
| 2014-12-16 12:35:59 | ONVO | sell | $6.515 | 0 |
Comments
ChristopherBlanco_BOWS
It never hit $7. It was a pullback that didn't go. It was a bit of a reach, bc I was 3 pullbacks late, but I had a tight stop. I lost $5.92. It was worth the risk to me.
Nape_BOWS
Ok, I see what you are saying. On this trade, when I looked at the Daily for alignment. I just looked for MA's position. Didn't really look for previous highs or price. Which is probably why it didn't work. Which is what you are trying to tell me. Ha! Thank you.
Yes. Stocks are much more powerful when they align on multiple time frames.
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No daily setup here. This is the first pullback on the daily chart after the move to $7. Need to have a clean daily chart in order for the intraday setup to work.