Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-11-04 11:09:03 | VIAB | buy | $48.470 | long |
2015-11-04 11:13:09 | VIAB | buy | $48.150 | long |
2015-11-04 11:24:04 | VIAB | sell | $48.810 | 0 |
Whats the setup? or trying to guess a bottom?
@ acelaw2000 because the rules for the set-up were met. 9EMA was my first target around 49.30. second target around VWAP ca. 50.no follow-through and trailing stop was hit.
@ alvan_BOWS it is a bottom reversal. a counter trend set-up. BOWS teaches mostly MOMO, which I don't trade. I trade almost exclusively reversals. the set-up is taught heavily by lincolnlist and daytradewarrior. my execution on this one was not ideal. you see on 1min how i chased the entry.EVRI was the cleaner bottom reversal yesterday.
Ed explains the strategy in detail with another ticker, in case you are interested.
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why did you long there with the stock still being below the 9ema