MOMO Trade on Apr 27, 2015 10:31 from Driver42_BOWS: Tradervue User Stock Trades.

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Driver42_BOWS

 

Had this on my scan for a trade either way depending on what it did.
Opened outside the upper bollinger band with trendline resistance at 12.50 area on the daily chart. Price reached 12.48 and dropped off quickly before bouncing back to the 50ma.
Shorted one third on the trendline break as price bounced off the 20ma.
Then I messed up an order to short the other two thirds of my position and instead ended up buying instead, making me long one third.
I watched it closely just in case I got lucky.
Then the 123 long setup formed after a break of the resistance trendline, which made me think that it was now going to go up.
I was tempted to let it run, if it had the legs, but realised it would not be an honest portrayal of my P&L and so set a sell limit to take me out flat on the trade.
Unfotunately it didn't quite take me out even though the price reached that target.
Stopped out


Execution detail:

Date/time Symbol Side Price Position
2015-04-27 10:31:20 MOMO sell $12.130 short
2015-04-27 10:31:20 MOMO sell $12.130 short
2015-04-27 10:42:58 MOMO buy $12.160 short
2015-04-27 10:42:58 MOMO buy $12.170 short
2015-04-27 10:43:32 MOMO buy $12.170 short
2015-04-27 10:43:34 MOMO buy $12.160 0


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