SCTY Trade on Jan 13, 2016 09:35 from James_BOWSsim: Tradervue User Stock Trades.

Thought this could ORB up to ~$46.50 so I longed it on the second candle. Not sure how wise it was to do that but I know that if I waited for the third candle I probably would not have taken this trade. Got stopped out at LOD/ support from previous end of day. Biggest loser of the day on this one.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-01-13 09:35:53	SCTY	buy	$45.520	long
2016-01-13 09:53:17	SCTY	sell	$44.878	long
2016-01-13 09:53:17	SCTY	sell	$44.915	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=4128578&end=20160212&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SCTY&trade=4128578&end=20160113121817&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

LPeriman_BOWS

2016-01-14 10:32:01

I sometimes enter ORB's on the second candle in anticipation of the ORB, same as you did, but only when the daily chart setup is strong which isn't clear on this stock. Nice job of getting out quickly when it didn't run.

James_BOWSsim

2016-01-19 10:44:41

Hey Lawrence, took me awhile to get back to ya. Yeah I can definitely see how it doesn't align on the daily as a buy. Typical bull trap! The bright side is I've been religious about setting my stops.

SCTY Trade on Jan 13, 2016 09:35 from James_BOWSsim: Tradervue User Stock Trades.

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