CLZ6 Trade on Nov 16, 2016 10:27 from josiah: Tradervue User Stock Trades.

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josiah

 

CL was at the top of a large hourly trading range, had formed an hourly double top, and broke below it, and came back up to retest. I wanted to get it on a 5' base / battle pattern breakdown. I drilled into the 1' to find the trigger point. After breakdown and triggering me in and dropping, a huge amount of volume went off and it instantly dropped a huge amount, filling my target buy limit order but going much farther past it, so there was a lot of profit that could have been made there that I didn't participate in, but I still need to follow my own rules regardless.

30' double top reversal pattern
30' retest and pullback against 20ma.
5' battle / base breakdown
1' cup entry

After digesting the selling, the market turned and ripped higher, but it was a good setup and trade regardless of what the market decided to do afterward.

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Execution detail:

Date/time Symbol Side Price Position
2016-11-16 10:27:39 CLZ6 sell $45.41 short
2016-11-16 10:30:00 CLZ6 buy $45.28 0


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