TAL Trade on Feb 10, 2017 10:46 from sk6345: Tradervue User Stock Trades.

Gravatar

Shared by
sk6345

 

Flat top breakout continuation on the daily. Entered into a pullback to 9 ema. Price spiked up. I chose not to scale out of this trade and exited completely instead because price had ran all morning without making a deeper pullback. I knew a vwap test was inevitable, so I didn't see the point in holding onto half of my shares for a home run.

This stock had been running for 5 days and it's stochastics were a 96. Price had been running all day. And, though it did make a couple pullbacks, it never actually made that deeper pullback all the way to the vwap. So, I was anticipating a breakdown. I saw price suddenly move below it's ma's and a red volume bar spike significantly after volume had diminished for some time prior. I figured this was the beginning of the breakdown I was anticipating and wanted to get in early. So, I shorted. price then pulled back and I was stopped out.


Execution detail:

Date/time Symbol Side Price Position
2017-02-10 10:46:00 TAL buy $87.030 long
2017-02-10 11:35:00 TAL sell $87.510 0
2017-02-10 12:53:00 TAL sell $87.340 short
2017-02-10 13:04:00 TAL buy $87.580 0


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!

View plans, Sign up for free, or Log in