FDX Trade on Jul 11, 2013 10:25 from RaeTrades: Tradervue User Stock Trades.

Setup: High RSI, Reversal
Risk: Very low risk stop on top of the consolidation or highest wick
Breakdown: I've played this a few times the last couple days. Seen it making a move upward without any slow down. The RSI got near 90 and when it got a legitimate red bar I put in a start and added onces it started to confirm.

Bread and butter plays for me. Also though these can continue to break out I need to be discipline with my stop on top of that wick.

Unless my start is tiny I should stop out there.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-07-11 10:25:36	FDX	sell	$105.780	short
2013-07-11 10:26:49	FDX	sell	$105.650	short
2013-07-11 10:27:24	FDX	buy	$105.520	short
2013-07-11 10:27:47	FDX	buy	$105.460	short
2013-07-11 10:30:16	FDX	sell	$105.590	short
2013-07-11 10:33:44	FDX	buy	$105.390	short
2013-07-11 10:34:18	FDX	buy	$105.310	short
2013-07-11 10:36:12	FDX	buy	$105.160	short
2013-07-11 10:40:22	FDX	buy	$105.140	0
2013-07-11 11:02:12	FDX	sell	$105.490	short
2013-07-11 11:21:25	FDX	buy	$105.620	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=FDX&trade=512643&end=20130810&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=FDX&trade=512643&end=20130711133125&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=FDX&trade=512643&end=20130711120325&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=FDX&trade=512643&end=20130711113225&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

JoJoTrades

2013-07-11 22:34:10

nice entry area

FDX Trade on Jul 11, 2013 10:25 from RaeTrades: Tradervue User Stock Trades.

Comments

Leave a comment about this trade!

Editor syntax