Shared by
jmos_BOWS
Play: ORB
When it finally cracked, it didn't flush and bounced off LOD. It grinded back to the VWAP and stalled and wasn't able to hold the vWPA break. This is another of my go-to set up as it confirms the down trend and the real flush is coming. Got in when it started breaking down, sold at LOD in case it bounced,then sold into the flushes. Got stopped out at buy price on small lotto shares. What should have been better in this trade was the first sell was too big. Should have been less shares but good patience and took it with size as it is a go-to set up.
Reasons to sell: LOD, flush, extended, buy price
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-04-21 09:47:13 | BIOC | sell | $3.850 | short |
| 2015-04-21 09:47:28 | BIOC | buy | $3.780 | short |
| 2015-04-21 09:48:34 | BIOC | buy | $3.740 | short |
| 2015-04-21 09:48:55 | BIOC | buy | $3.710 | short |
| 2015-04-21 09:53:03 | BIOC | buy | $3.660 | short |
| 2015-04-21 09:54:27 | BIOC | buy | $3.630 | short |
| 2015-04-21 10:27:51 | BIOC | buy | $3.830 | 0 |
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