PBYI Trade on May 25, 2017 11:05 from TomB_BOWS: Tradervue User Stock Trades.

Setup (intraday): Bear flag
Setup (daily): Parabolic short
Stop: 77.50
Reason for taking trade:
Concerns:
Mistakes: I did wait for it to get tight but it was still in between 9 and 20. Should've waited for them to be on top pushing price down.
Anticipation/Confirmation: Anticipation
Market above or below 50 MA: Above

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-05-25 11:05:49	PBYI	sell	$76.800	short
2017-05-25 11:13:10	PBYI	buy	$77.500	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PBYI&trade=5687703&end=20170624&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PBYI&trade=5687703&end=20170525134310&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Emilie_BOWS

2017-05-25 21:35:43

It was double bottom at $76. There were still too many buyers. Look at all the tails... all the dips under 76 got bought, stock never managed to close under. When you take parabolic short, you don't want to see strong buying pressure.

TomB_BOWS

2017-05-26 08:21:50

Very good point. I never really saw the hammer candles that made up the "bear flag". Thank you for the feedback Emilie.

PBYI Trade on May 25, 2017 11:05 from TomB_BOWS: Tradervue User Stock Trades.

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