Shared by
JamesDover_BOWS
Stock experienced a PR Earnings Breakdown, and started to bear flag. I already reached my max trade limit for the day, so I broke my rule to trade this one. But only because it is one of my favorite high-probability setups. This day the market was going a little crazy, so even this stock was effected by that. It wasn't too clean.. Even though I shorted at its EMA's it still broke above them.
*I should have waited to see a candle hold at the time I shorted it. The volume appeared relatively normal at the time, so I thought it was just one of those last little girly bounces before it tanks. This was my second bad trade of the week.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-29 10:13:21 | GLNG | sell | $16.860 | short |
| 2016-04-29 10:21:41 | GLNG | buy | $17.530 | 0 |
Comments
kunal00
u iddnt short at the ema's and the ema's don't even count
to short at the ema's is a bounce setup to short a bounce... u sorted the first candle of the bounce basically it hadn't bounced yet... u have to wait for it
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u iddnt short at the ema's and the ema's don't even count
to short at the ema's is a bounce setup to short a bounce... u sorted the first candle of the bounce basically it hadn't bounced yet