WPZ Trade on May 14, 2015 09:52 from ToqueX: Tradervue User Stock Trades.

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Grade=F

The setup: ORB

The result: I bought at the top of the opening range, but it was a bad idea. There was no consolidation from the previous day to work with to provide power for such a move. It was definitely over-extended, lowering the probability of this supposed setup.

The lesson: When looking to trade an ORB, I should consider consolidation or over-extension from the previous day alon with volume, float size and general momentum.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-05-14 09:52:18	WPZ	buy	$58.120	long
2015-05-14 09:52:33	WPZ	buy	$58.120	long
2015-05-14 10:06:07	WPZ	sell	$58.020	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WPZ&trade=2501572&end=20150613&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WPZ&trade=2501572&end=20150514160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=WPZ&trade=2501572&end=20150514123107&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=WPZ&trade=2501572&end=20150514103107&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

WPZ Trade on May 14, 2015 09:52 from ToqueX: Tradervue User Stock Trades.

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