Shared by
JimFrey
Daily chart revealed multiple converging levels of resistance and an gapping ER BD. A fade would lead to gap from 22.47 to 20.07 A huge Profit Oppertunity!! On open, I had decided the plan to fade the surge up into the resistance. I placed a limit order ss @ 22.26 (by hitting the wrong button on a new montage). My planned position was going to be 300 shares with a 40cent stop. My last add was @ 22.58 making the nasty fakeout candle scary. Watching level 2 convinced me there was still weakness in the PA. When it started to favor my position I added to the short position @ 22.16. Scaled out 2 lots then added back in @22.00. Then managed the remainder of the trade as usual
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-26 09:34:46 | ANF | sell | $22.260 | short |
| 2016-05-26 09:38:56 | ANF | sell | $22.460 | short |
| 2016-05-26 09:39:58 | ANF | sell | $22.580 | short |
| 2016-05-26 09:49:56 | ANF | sell | $22.160 | short |
| 2016-05-26 09:53:18 | ANF | buy | $21.960 | short |
| 2016-05-26 10:00:09 | ANF | buy | $21.840 | short |
| 2016-05-26 10:05:30 | ANF | sell | $22.000 | short |
| 2016-05-26 10:39:41 | ANF | buy | $21.530 | short |
| 2016-05-26 10:44:16 | ANF | buy | $21.240 | short |
| 2016-05-26 10:47:30 | ANF | buy | $21.110 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
Great trade! keep on going