SHORT. Antelo Index. STRATEGY: BREAK OF CONS RANGE AT THE OPEN. 2 Min Chart. RCS then GCS formed a cons range right at the open. I entered on break of range with follow through confirmation CS (4th 2 Min CS after the open) 3L below TL, PA below 50MA, 20MA and PDC. PA immediately PB. I considered buying the PB (thought that PDC and 50MA, 20MA would serve as R on PB: I was right) but didn't add to position. PA bounced back down after PB, It consolidated after it broke the day low. then PA broke consolidation (bearish). I exited when PA showed some weakness (exit CS ended up being a hammer. After Exit PA consolidated again for 1 hour then it broke bullish. GOOD: Entry after confirming CS follow through. Good trade management and patience to remain in the trade. BAD: A bit of an aggressive (risky) entry, could have waited for a PB, which did happen right after my entry.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-01-13 09:37:04 | ASNA | sell | $8.620 | short |
2016-01-13 10:06:49 | ASNA | buy | $8.468 | 0 |
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