Shared by
Driver42_BOWS
ORB & 20ma bounce on 5 min chart
20 ma bounce on 30 min chart
Earnings gap on daily chart
Enter 14:48 at 5.90
Stop 5.7 Just 500 shares in sim mode as stop is wide
Stopped out
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-02-27 09:48:00 | CLNE | buy | $5.900 | long |
| 2015-02-27 10:02:00 | CLNE | sell | $5.700 | 0 |
Comments
Driver42_BOWS
I know what you mean 0936. I usually get stopped out too but am continuing to practice it in the hope that one day I will get mastery of it and play it profitably
LPeriman_BOWS
ORB's work better when the opening range is very clearly established in the first 3 bars. This stock looked to just be moving until, unfortunately, you entered the trade. Who knows after your entry if the stock will continue to run or not, but odds say that a 10% jump up will need to rest before moving on. In the case of ORB's, at least the first 15 mins. Hope that's helpful... sure helped me to remember it. ;)
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The ORB's are tricky. Most of the time I get stopped out.
If its mastered though can be good early morning profit to start the day!