Shared by
TomB_BOWS
Setup (intraday): 9 EMA crack
Setup (daily): Parabolic
Stop: 28.40
Reason for taking trade: Extended. Overbought and ran into the 200 MA
Concerns:
Mistakes: Little early on entry. Should have waited for 9 EMA to flatten
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Below
Sold some into move down. Got out the rest when it went back above the MA's.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-09-13 13:34:29 | LMCA | sell | $27.980 | short |
| 2016-09-13 14:16:38 | LMCA | buy | $27.380 | short |
| 2016-09-13 14:42:43 | LMCA | buy | $27.790 | 0 |
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