Shared by
Hector_j18
13.5s was the line on the sand so i tried to go short on the pullback after it cracked, but it reclaimed and stopped me out .
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-25 09:59:43 | EXPR | sell | $13.390 | short |
| 2016-05-25 10:07:08 | EXPR | buy | $13.550 | 0 |
Comments
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Hi Hector,
I don't understand why you didn't enter your short earlier when EXPR was clearly rejecting any move to advance.....IMO somewhere in the area of $13.60 with a stop .10 above HOD.......what do you mean that $13.50 was your line in the sand? Why would you short at the level in your trade where the chart is showing support.......there was no evidence in the 5 prior candles that it would crack that level ...Remember Kunal always points out that the opening is about price discovery....This would have been a great scalp at the open.....it's hard to know the future.....as traders "prediction" is unknown you were predicting that the price was going down ...while the proven "history" of the candles before you entered your trade were screaming support holding....I don't mean to be critical just trying help you and myself as well....Successful trading to you...Joe