Grade=C
P/L= +0.65R
Entry: short after a rejection of a rally previously and a bit of a bear flag below the MAs on the 5m. Trend line had been broken and the overall trend of oil was down, so I was looking for a short entry.
Result: Got the move and scaled out. It turns out the timing was good for the entry. I could have been watching the 4.85 lavel from premarket to see if it would break before taking of the last tier. There was another nice down move that I didn't capture.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-12-09 11:06:40 | UWTI | sell | $5.070 | short |
2015-12-09 11:14:03 | UWTI | buy | $4.970 | short |
2015-12-09 11:15:30 | UWTI | buy | $4.910 | short |
2015-12-09 11:23:28 | UWTI | buy | $4.950 | 0 |
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