Shared by
pstark89
Whats the Setup: Double top off 2 min with lower lows
Where are EMA's: Below
Resistance: 51
Support : 49.95
EMA's-Direction & details:Flattening and heading down
Time Frame Alignment: yes
Volume: Declining
Market action: Lower
Stop: 51
Target: 50
R/R: 1:1
Are Stop/Target proper:
Reasons for exits: Covered half on first dip. Covered balance on first bear flag. Should have held out.
Notes:
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-04 12:31:56 | XON | sell | $50.500 | short |
| 2015-03-04 12:46:25 | XON | buy | $50.100 | short |
| 2015-03-04 13:14:51 | XON | buy | $49.760 | 0 |
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