Shared by
josiah
Took this as a 5' bar break short, but should have known because I think ADH teaches specifically that this type of bar break is not ideal ... straight up, then straight down with no consolidation ... and I should have known that myself anyway. Eventually the short did take off and I got back in for a small R/R gain. After it pulled back and based I tried to add on a break down but then a short squeeze happened and it took off to the upside as the trend changed.
Pros:
- 27 figure at back on initial and second entry
- breakdown gap = momentum downward
- 20ma agrees
Cons:
- bad R/R at half figure below
- third entry was right over half figure = less likely to work
- volatility had dried up by 1st target
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-10-09 09:36:02 | GPS | sell | $26.830 | short |
| 2015-10-09 09:39:28 | GPS | buy | $27.100 | short |
| 2015-10-09 09:39:28 | GPS | buy | $27.100 | short |
| 2015-10-09 09:39:28 | GPS | buy | $27.100 | 0 |
| 2015-10-09 09:54:15 | GPS | sell | $26.830 | short |
| 2015-10-09 10:09:52 | GPS | buy | $26.570 | short |
| 2015-10-09 10:36:33 | GPS | sell | $26.570 | short |
| 2015-10-09 10:37:52 | GPS | buy | $26.580 | short |
| 2015-10-09 10:37:53 | GPS | buy | $26.580 | short |
| 2015-10-09 10:40:50 | GPS | buy | $26.660 | 0 |
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