Shared by
cash7177_BOWS
PBMD was bullish on the daily and flagging in the premarket. Which had me interested in the ORB setup. I caught it at the top of its first 1 min candle. So I went in with a chase size. Didn't like my entry so I sold it into its first initial pop... I MISSED SO MUCH UPSIDE I LEFT FOR LUNCH :(
if this gets graded. I have a question on the ORB setup. I know it may depend on the setup but are we looking to sell the ORB into pops or are we holding it for a few minutes till a better pattern can develop. Reasons to sell seems difficult on an ORB
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-05-20 09:31:55 | PBMD | buy | $2.290 | long |
| 2015-05-20 09:33:29 | PBMD | sell | $2.410 | long |
| 2015-05-20 09:34:29 | PBMD | sell | $2.370 | 0 |
| 2015-05-20 09:39:05 | PBMD | buy | $2.460 | long |
| 2015-05-20 09:39:06 | PBMD | buy | $2.467 | long |
| 2015-05-20 09:41:31 | PBMD | sell | $2.420 | long |
| 2015-05-20 09:41:31 | PBMD | sell | $2.420 | long |
| 2015-05-20 09:41:32 | PBMD | sell | $2.420 | 0 |
| 2015-05-20 09:42:03 | PBMD | buy | $2.470 | long |
| 2015-05-20 09:44:21 | PBMD | sell | $2.670 | long |
| 2015-05-20 09:44:22 | PBMD | sell | $2.663 | long |
| 2015-05-20 09:46:56 | PBMD | sell | $2.670 | long |
| 2015-05-20 09:46:57 | PBMD | sell | $2.690 | 0 |
| 2015-05-20 09:56:53 | PBMD | buy | $2.750 | long |
| 2015-05-20 09:56:54 | PBMD | buy | $2.763 | long |
| 2015-05-20 10:02:45 | PBMD | sell | $2.640 | 0 |
| 2015-05-20 10:04:36 | PBMD | buy | $2.710 | long |
| 2015-05-20 10:04:36 | PBMD | buy | $2.703 | long |
| 2015-05-20 10:09:12 | PBMD | sell | $2.920 | long |
| 2015-05-20 10:09:12 | PBMD | sell | $2.920 | long |
| 2015-05-20 10:12:49 | PBMD | sell | $2.745 | 0 |
| 2015-05-20 10:21:40 | PBMD | buy | $2.780 | long |
| 2015-05-20 10:21:40 | PBMD | buy | $2.780 | long |
| 2015-05-20 10:21:40 | PBMD | buy | $2.780 | long |
| 2015-05-20 10:29:54 | PBMD | sell | $2.697 | 0 |
Comments
cash7177_BOWS
Thanks holy crap sayed! that helped a lot! I guess for no particular reason I was under the impression that the ORB was supposed to be taken quite quickly, so I guess I was just hopping in. I cant believed I missed that play, it was a much more developed chart
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You missed the most ideal ORB. longer the base, the better http://prntscr.com/77g2l3