The chart and idea can be found
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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