Shared by
jmos_BOWS
Play: ORB
Didn't have any bias out of the gate, then dip got bought with strength but it was a very messy charts with many wicks. I am not good at those because I never know if it is a fake out/down or if price will hold so i was patient waiting for it to pick a trend.When it cracked, I got short bias. It flushed to a key level and started consolidating but wasn't able to hold the bounce so got in for the secondary break down and panic selling from the ppl who held yesterday. It didn't happen, took too long so i got out as it looked like it was going to squeeze which it did.
Reasons to sell: time, had trouble breaking down on high volume which is always a danger sign esp in the morning
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-12 09:39:19 | VGGL | sell | $3.620 | short |
| 2015-05-12 09:45:42 | VGGL | buy | $3.690 | 0 |
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