Play: ORB
Stock opened strong, lots of volume, lots of bag holders, consolidated right above the 20sma and LOD, couldn't catch a bounce so when it started flushing, i got short. Didn't get big enough so not happy with it butt hen great patience for the break down. On my lottos, it started squeezing, wanted dos ee if it was going to hold and when it did hold that flag, i got out.
Reasons to cover:flush, extended, change of trend
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2016-03-29 09:35:47 | OHRP | sell | $3.300 | short |
2016-03-29 09:44:11 | OHRP | buy | $3.160 | short |
2016-03-29 09:44:50 | OHRP | buy | $3.120 | short |
2016-03-29 09:46:13 | OHRP | buy | $3.200 | short |
2016-03-29 10:23:39 | OHRP | buy | $3.040 | short |
2016-03-29 11:55:17 | OHRP | buy | $3.190 | 0 |
i just looked at my charts, stock was breaking orb and nine ema was being broken!! nice trade...i am gonna try and add this one in a little bit on my trades
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whats rule where you shorted?? is that a orb short on gap up?