Failed bounce short. Started my short position once MAKO wicked into the 10day MA and printed a red candle on the 5min but got stopped out once it went above the 10day MA's and the high of the previous 5min candle. A very mediocre setup that I should not have been in just need to wait a little longer to let a range print on setups like this in the future.
NET: -1.2R
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-01-07 10:05:41 | MAKO | sell | $11.170 | short |
2013-01-07 10:06:55 | MAKO | buy | $11.410 | short |
2013-01-07 10:06:55 | MAKO | buy | $11.410 | 0 |
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