CF Trade on May 16, 2013 13:24 from J2WS: Tradervue User Stock Trades.

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J2WS

 

The chart and idea can be found

here
.

  • Intraday Trade Only
  • Failure at Inverted Head and Shoulders neckline
  • Bear Flag but no follow through

Bigger picture idea was that this stock failed at it's neckline again. There was an Intraday Bear Flag and my idea was that it would continue to fall towards yesterday's low which also happened to be the measured move of the bear flag.

I had a plan to short inside the flag then add more below. I was stopped out of my add but maintain my core. I re-added as it broke below the lower channel of my "flag" again. But there was zero follow through so I just covered when I could before the end of the day.

I thought this was definitely worth a trade. I took a bigger picture idea and was able to develop a short term trading plan on the fly. The R v R was definitely there.


Execution detail:

Date/time Symbol Side Price Position
2013-05-16 13:24:52 CF sell $191.120 short
2013-05-16 13:55:30 CF sell $190.921 short
2013-05-16 13:55:30 CF sell $190.921 short
2013-05-16 14:08:30 CF buy $191.570 short
2013-05-16 14:22:29 CF sell $191.200 short
2013-05-16 15:51:33 CF buy $190.600 short
2013-05-16 15:51:33 CF buy $190.600 short
2013-05-16 15:54:00 CF buy $190.500 short
2013-05-16 15:54:24 CF buy $190.500 0


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