Longside intraday short breakdown. KBH had been running up all day and I had noticed the sell off back to the 20sma from 1:20pm to 2pm was on heavier volume then the spike back up to highs got sold off hard. With that as my leading indicator I assumed it was good for a scalp back to $15 sicne it was unable to break thouse highs or hold the 20sma or support at $15.23. Shorted at $15.21 and covered $15.09/$15.05. Easy and very probable scalp for a quick 30 bucks!
Here's a bigger chart:
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2012-09-21 14:31:46 | KBH | sell | $15.210 | short |
2012-09-21 14:31:47 | KBH | sell | $15.210 | short |
2012-09-21 14:38:14 | KBH | buy | $15.090 | short |
2012-09-21 14:42:14 | KBH | buy | $15.050 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!