Shared by
tradejazz
Trade Checklist
- Setup: NONE/ibb / bull flag
- Entry: 4.85 / 4.88 (confirmation?) HoD 4.92
- Stop: 4.71 / 4.82
- Spread: 1
- Shares: 90 / 100
- T1: 5.02
- T2: 5.3
- Reward:Risk Ratio (T1): 2.4
- Price-action read: 3 candles
- Trending? Basing, coming up on 4th tap
- Volume Trend Favorable: Recent green falling off
- Reversal probability? possible HoD rejection. Wait for confirmation
- Exit:
Details:
In. 4.86 Anticipating 4th tap. Tighter stop below 20SMA (not VWAP).
R:R 3 with 4.78 risk.
Move up stop.
Manual stop at .01 win. Fearing going red on day.
WEEKLY_REVIEW: BUY near HoD late in day is probably not warranted. Not enough momo in this stock.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-07 14:56:22 | CECO | buy | $4.860 | long |
| 2015-05-07 15:20:20 | CECO | sell | $4.870 | 0 |
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