AAL: 14.6 M ATR: 1.39 FS% 4
Idea: From 30 min chat it looks now it is getting into potential failure areas. 43-43.20 would be the level.
Idea: See if it trades above 43-43.30 and then comes back below 43 and stays below 43. Get short for a move close to 42-42.20
Trade Review
I saw the stock was consolidating on the opening between 43 and 42.80. As the open is fast I tried anticipating the top before a clear signal, and selected my entry so that risk incurred was not more than 40 cents.
Stopped Out. Just as a note I failed to execute my plan as I was afraid I was going to miss the move.
I tried again later in the day.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-06-22 09:39:12 | AAL | sell | $42.930 | short |
2015-06-22 09:41:56 | AAL | buy | $43.100 | 0 |
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