Shared by
TomB_BOWS
Setup (intraday): Exhaustion Gap
Setup (daily): Parabolic
Stop: 94.50
Reason for taking trade: Parabolic and extended going right into 200 MA. Exhaustion gap
Concerns: Shorting without a typical setup intraday.
Mistakes:
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above
I saw that it gapped and made a big move right into huge daily resistance (200 MA) first candle. I waited to see red next candle and shorted with a stop above the high.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-11-15 09:35:28 | SIG | sell | $94.190 | short |
| 2016-11-15 09:38:54 | SIG | buy | $93.330 | short |
| 2016-11-15 09:41:07 | SIG | buy | $92.560 | short |
| 2016-11-15 09:43:47 | SIG | buy | $91.850 | 0 |
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