APA Trade on Nov 11, 2015 10:03 from chanel: Tradervue User Stock Trades.

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chanel

 

Short at 51.55, S/L at 51.75 (bear flag)

Price rotated higher towards the 9EMA and closed the gap. Price then rounded on the 5/2min charts. Heavy selling in the 51.70’s as sellers were looking to rotate prices higher before shorting. I waited for the right entry on this one. Instead of jumping in right away and getting stopped out which I usually do, I waited for the flush, pullback, and subsequent drop. This entry method was adopted after reviewing tape of my previous trading sessions.

Was debating canceling s/l to take profits but decided to let the trade play out. (7:05am)

Taget 51.15 for 2R

took 50% at 2R for 25 shares, S/l at 51.50

10 shares at 51.02
10 shares at 50.89
5 shares at 5.85 (Target is 50.55) Must have spiked. I had to step away from the computer.

Game Tape:

https://vimeo.com/145401320


Execution detail:

Date/time Symbol Side Price Position
2015-11-11 10:03:40 APA sell $51.540 short
2015-11-11 10:07:33 APA buy $51.110 short
2015-11-11 10:10:13 APA buy $51.020 short
2015-11-11 10:11:10 APA buy $50.890 short
2015-11-11 10:15:22 APA buy $50.850 0


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