Grade=C
P/L: +1.3R
Entry: short after gapping down and bouncing. The price action was getting tighter on the 5m chart and looking bearish on the 2m. I also had the VWAP right in this area and MAs on the 5m chart nearby. The Ichimoku cloud on the 5m chart was also above, but not far away which indicates to me that there is a potential distance to move.
Result: Got the move in a timely manner and scaled out with a reasonable first target at 19.70 which turned out to be just about right to lock some in before the price action got inconsistent. I trailed the rest tightly and got spiked out. I definitely got the meat of the move, so I'm okay with this trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-10-29 09:54:41 | TER | sell | $19.910 | short |
2015-10-29 10:05:19 | TER | buy | $19.700 | short |
2015-10-29 10:26:27 | TER | buy | $19.608 | 0 |
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