ISIS Trade on Dec 16, 2014 10:36 from tombro: Tradervue User Stock Trades.

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tombro

Not a setup.ISIS was flagging up to the area of the gap down open and the 20 ema where I thought It might meet resistance, which it did for a few minutes before moving higher.
This was an attempt at being anticipatory.
What I didn't recognize AGAIN (altho I think I saw it) was that ISIS bounced off its 20 DMA on the open (buyers), that when it tested that area again at 10:15 it was rejected again by buyers. This is also the area it launched it's most recent move from (before it announced positive phase 2 trials on some drug)on 12/8

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-16 10:36:29	ISIS	sell	$55.440	short
2014-12-16 10:46:06	ISIS	buy	$55.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=1633702&end=20141216121306&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=1633702&end=20141216131106&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=1633702&end=20141216160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ISIS&trade=1633702&end=20150115&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-12-16 20:05:56

Yep tricky short knowing it just bounced off the 20sma. One I would have passed on.

ISIS Trade on Dec 16, 2014 10:36 from tombro: Tradervue User Stock Trades.

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