Shared by
derekrucki
Failed 2' reversal. Same kind of idea as FRX. Shorted under the 2' consolidation/base of 60.58. Covered half when it wasnt breaking down right away because I usually like to see these start to find some seller straight away. Re added that half once it broke the consolidation again but once again it was a no go and I got stopped out above the 2' range at 60.70. Had 1R in the trade but was looking to take half my position off at 2R and then peel out the rest in quarters. This has happened a few times and I might just have to start taking my 1R profit and trail the rest. Still followed my plan and was just a tough day in general I found so I didnt make any more trades.
Net: -1.08R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2013-01-15 09:46:00 | AXP | sell | $60.571 | short |
| 2013-01-15 09:46:00 | AXP | sell | $60.571 | short |
| 2013-01-15 10:00:52 | AXP | buy | $60.615 | short |
| 2013-01-15 10:02:53 | AXP | sell | $60.550 | short |
| 2013-01-15 10:12:09 | AXP | buy | $60.700 | short |
| 2013-01-15 10:12:10 | AXP | buy | $60.700 | 0 |
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