I anticipate the break of the trend line here as there was a flat top immediately above which provided me with a stop out point. This area was also the high of the day.
I don't usually trade this early in the day so this was a risk for me, which paid off.
Covered some at the most recent low from last week.
The price continued but then bounced and I covered a little more at the 20ma just in case, but price bounced down nicely from there.
Covered a third quarter at low of day, and out last as price moved above the 20ma
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-02 09:53:00 | DAL | sell | $43.300 | short |
2015-04-02 11:03:00 | DAL | buy | $42.620 | short |
2015-04-02 11:37:00 | DAL | buy | $42.820 | short |
2015-04-02 12:33:00 | DAL | buy | $42.380 | short |
2015-04-02 13:04:00 | DAL | buy | $42.550 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!