CUBA Trade on Dec 22, 2014 09:41 from d_zimmy_BOWS: Tradervue User Stock Trades.

Quick scalp for the ORB. Should have sold it all into the quick spike. Looking back a pullback to the 9EMA at 12.00 would have been nice but missed it.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-12-22 09:41:02	CUBA	buy	$11.522	long
2014-12-22 09:42:06	CUBA	sell	$11.770	long
2014-12-22 09:42:06	CUBA	sell	$11.770	long
2014-12-22 09:44:42	CUBA	sell	$11.730	long
2014-12-22 09:45:00	CUBA	sell	$11.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=CUBA&trade=1645670&end=20150121&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=CUBA&trade=1645670&end=20141222121500&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

tombro

2014-12-24 04:08:36

From the details of the ORB trade (and examples) in the book, I don't think this is an ORB. The first line of the setup reads:" A momentum stock gaps up on the open." So........
There is definitely a red to green, maybe a 1-2-3, a flag break at 10:10, but I think (at least for me) the better I know and follow the details of the setups, the less likely I am to make impulsive, chasing, late, low probability trades.

jonathan_lowry

2015-01-10 03:10:57

what was your play here? seemed like a random place to buy

d_zimmy_BOWS

2015-01-10 11:11:48

I mistook it for an ORB. As tombro said above an ORB stock gaps up in the open. CUBA did not so it wasn't a valid ORB.

CUBA Trade on Dec 22, 2014 09:41 from d_zimmy_BOWS: Tradervue User Stock Trades.

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