Shared by
Driver42_BOWS
Gapped open on daily and rose quickly then flagged a few times before breaking the 20ma on 5min chart
Short 24.6 stop 24.79
Scalp trade. Covered two thirds at 24.54 within a couple of minutes as this is where the 5min 50ma meets the vwap.
Stop moved to 24.6 on rest.
If I had gotten in earlier around 24.7 I would have felt more comfortable letting some run but timing was not great on this one.
Stopped out breakeven on last.
I had the chance to take last profit at 25.5 as price stopped there for a few minutes. I knew it would move fast either up or down once it made up its mind, unfortunately it was up.
Small profit though
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-03-06 13:05:17 | EXAS | sell | $24.600 | short |
| 2015-03-06 13:05:55 | EXAS | buy | $24.540 | short |
| 2015-03-06 13:14:00 | EXAS | buy | $24.600 | 0 |
Comments
kunal00
no SETUP. daily is pooop platter. intraday looks like a long. this is trend confusion at its best
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no SETUP. daily is pooop platter. intraday looks like a long