Grade=C
P/L=0.9R
Entry: short the bounce/bear flag. After a spike on the previous candle to give support to my thesis.
Result: Targeted the next minor structure using the previous day's action as a guide. Took off the first piece, tightened the stop and got stopped out of the rest on the retrace.
Comments: It was a small move and I got a good chunk of it. I went with the trend paid attention to the daily chart. 80.10 was my larger target that it didn't get to.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-15 10:07:59 | UA | sell | $80.860 | short |
2016-03-15 10:18:06 | UA | buy | $80.510 | short |
2016-03-15 10:27:53 | UA | buy | $80.685 | 0 |
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