YOKU Trade on Jul 9, 2015 11:26 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D

The setup: pullback

The result: I was looking for a bounce off of 21.00 and I think was because I still had a long bias for the Chinese stocks this day and felt they were ready to turn around and that I should get in at a low price point. Then it broke down.

The lesson: Consider the opposing idea and take another look at the chart. I could have taken the lower high seriously and recognized this as bearish.

Execution detail:

Date/time	Symbol	Side	Price	Position
2015-07-09 11:26:55	YOKU	buy	$21.020	long
2015-07-09 11:30:07	YOKU	sell	$20.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=YOKU&trade=3128783&end=20150808&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=YOKU&trade=3128783&end=20150709160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=YOKU&trade=3128783&end=20150709140007&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=YOKU&trade=3128783&end=20150709115907&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

YOKU Trade on Jul 9, 2015 11:26 from ToqueX: Tradervue User Stock Trades.

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