I just couldn't get any trades to take this day.
My trade ideas was for a lower high and topside resistance at 3.50. I took a short position with a great entry of 3.53. Once the price action started to show signs of consolidation and refresh bidders keep coming into L2, I covered my position as flat.
For the second trade I had the same idea that it would pull back to test VWAP. My timing was off and it spike before doing just that.
This was a tough chart to trade. The price action was a bit tricky. Although my trade ideas were wrong, I handled it well and limited losses.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-08 14:25:16 | LEU | sell | $3.530 | short |
2016-03-08 14:29:39 | LEU | buy | $3.530 | 0 |
2016-03-08 15:19:14 | LEU | sell | $3.610 | short |
2016-03-08 15:24:02 | LEU | buy | $3.720 | 0 |
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