VALE Trade on Apr 14, 2016 09:31 from jmos_BOWS: Tradervue User Stock Trades.

Play: ORB

Stock is overextended on daily, opened in tight range, got short. Was struggling to break but couldn't bounce, held stop, didn't show much panic and is not a very volatile stock so took quick gains. It ended up tanking 30cents from entry. I scaled out but not properly. Scaled out way too much at first target which is frustrating. Took all off when it got really extended as I thought it would have a big bounce and that flush was what i was looking for previous day.

Reasons to cover:flush, support, extended

Execution detail:

Date/time	Symbol	Side	Price	Position
2016-04-14 09:31:16	VALE	sell	$5.550	short
2016-04-14 09:33:01	VALE	buy	$5.500	short
2016-04-14 09:33:54	VALE	buy	$5.450	short
2016-04-14 09:34:53	VALE	buy	$5.420	short
2016-04-14 09:36:41	VALE	buy	$5.330	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=VALE&trade=4484327&end=20160514&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=VALE&trade=4484327&end=20160414120641&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=VALE&trade=4484327&end=20160414100441&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

VALE Trade on Apr 14, 2016 09:31 from jmos_BOWS: Tradervue User Stock Trades.

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