UWTI Trade on Mar 31, 2016 09:54 from ToqueX: Tradervue User Stock Trades.

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ToqueX

Grade=D
P/L=-0.9R

Entry: went short after a rejection candle on the 5m chart at resistance. I also saw bearish RSI divergence on the shorter timeframes.

Result: Stopped out. It did look like a reasonable pivot point though.

Lesson: I broke my rule to not pick tops. It's a problem I've had, so the rule is still in effect. I've got to obey it. Shorting requires either a downtrend that is established or some confirmation of the possible formation of a new trend in the form of a lower high.

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-03-31 09:54:07	UWTI	sell	$22.040	short
2016-03-31 10:01:09	UWTI	buy	$22.260	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UWTI&trade=4384457&end=20160430&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UWTI&trade=4384457&end=20160331160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UWTI&trade=4384457&end=20160331122609&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UWTI&trade=4384457&end=20160331102909&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

UWTI Trade on Mar 31, 2016 09:54 from ToqueX: Tradervue User Stock Trades.

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