NOAH Trade on Apr 17, 2015 10:08 from swinging_long: Tradervue User Stock Trades.

Tried to short the crack of $29 but no follow through. There are multiple reasons I should have stayed away from this trade.

MA's were too far from the price. MA's can weigh down on prices helping the selling pressure or support price and push them up. In this case, the nearest MA on the 5m chart was $29.20. The closer to the MA, the better the probability and R/R of the trade.
The candle I shorted was extended; it had pulled about .25 already so the probability of it pulling any further was low whereas the probability of it bouncing retracing was high.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-04-17 10:08:09	NOAH	sell	$28.950	short
2015-04-17 10:12:27	NOAH	buy	$29.160	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NOAH&trade=2418214&end=20150517&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NOAH&trade=2418214&end=20150417160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NOAH&trade=2418214&end=20150417160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NOAH&trade=2418214&end=20150417124227&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

kunal00

2015-04-22 15:09:27

ur new rule shoudl be u only short pullbacks never breakdowns u will be rich if u can get ta into ursel

same for me

NOAH Trade on Apr 17, 2015 10:08 from swinging_long: Tradervue User Stock Trades.

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