ORCL Trade on Mar 18, 2015 10:18 from josiah: Tradervue User Stock Trades.

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josiah

 

I made a couple of mistakes on this trade -- I entered on a market order by accident and got a bad fill at 44.41 instead of 44.49. Made the same mistake taking second target when I was trying to place a trailing stop, I placed a market (I had the auto-send feature checked by mistake).

This was a nice trade coming from a 2 minute base after breaking the up trend, and gave a great R/R opportunity on a 10 cent stop.

I saw this as a valid gap fade because it was coming from 3 strong green days before today's gap, and it was gapping into prior highs. After it showed weakness with the 5' -123 breaking the uptrend, I thought the base breakdown was valid.

The 5' 123 pattern at 44.65 would have made a great entry as well, since the 5' topping tail shows that it was likely not going to continue the up trend for the day, and if it broke that low it would likely continue down. Just didn't see it in time.

Overall, I give this trade a B+.


Execution detail:

Date/time Symbol Side Price Position
2015-03-18 10:18:07 ORCL sell $44.410 short
2015-03-18 10:42:55 ORCL buy $44.210 short
2015-03-18 11:09:47 ORCL buy $44.040 short
2015-03-18 11:38:02 ORCL buy $43.860 short
2015-03-18 11:57:21 ORCL buy $43.920 0


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