Grade=D
The setup: short the bounce
The result: stopped out. I seemed reasonable to short after a red candle and a spike on the 2m chart, but it wanted to retrace more. Not a good trade because I should have been looking at the 5m chart for the setup at 10:26am. The quick open movement was done.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-07-29 10:26:51 | GRUB | sell | $30.830 | short |
2015-07-29 10:34:04 | GRUB | buy | $31.160 | 0 |
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