Play: ORB
When it didn't squeeze and held the trend, i got back in thinking this time, it would flush to at least 2.65 and then more but the buyer was still there so sold some to decrease risk and had a hard time breaking down and stopped me out at buy price which was the top of that squeeze. In those choppy situations where there is a buyer that is trying to hold it up, it is better to turn to the 5mn chart than the 1mn as the choppiness makes me over think the situation.
Reasons to sell: buyer still there, hard time flushing
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-04 09:40:55 | AVEO | sell | $2.720 | short |
2015-06-04 09:41:10 | AVEO | buy | $2.690 | short |
2015-06-04 09:44:08 | AVEO | buy | $2.710 | 0 |
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