Shorted near the open as price broke low of first candle. Not really an orb as I did not wait for the close of two candles.
I took the trade based on TOS charts, but should have checked TC2000 charts too.
They plot the 30min 200ma at different places. In TOS it was 24.61 which had been broken and therefore I thought it would provide resistance, but the TC2000 30min 200ma was at 24.42 and the 15min 200ma was at 24.45.
This proved to be the support that it needed and bounced off there.
I should have exited but took the "hope" route instead.
Stopped out at 24.78, which was too high even though it was just above the next level of resistance. My stop had been placed at 24.75 but once price broke that resistance it moved quickly
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-04-13 09:38:53 | X | sell | $24.450 | short |
2015-04-13 09:38:53 | X | sell | $24.450 | short |
2015-04-13 10:06:04 | X | sell | $24.600 | short |
2015-04-13 10:30:21 | X | buy | $24.780 | 0 |
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