SM Trade on Jun 14, 2017 11:37 from Emilie_BOWS: Tradervue User Stock Trades.

Daily: none, but oil sector had strong selling momentum
Intraday: VWAP/bear flag
When crude oil and oil stocks sold off after inventory report, I looked at several tickers charts. The problem was that most of them were already down hard and stayed near the lows which meant shorting it wouldn't be a high probability trade and the reward-to-risk ratio wasn't good. While most oil tickers were grinding down, SM moved up to the VWAP. I got in after I saw it was "rejected" by the VWAP.
I scaled out around LOD and got out when it was about to reverse. The reversal signal wasn't clear but I didn't want to get stuck in the volatility period during FOMC report.
I missed the tight bear flag entry around LOD. I went shopping as I didn't want to stupidly get in a trade just before FOMC report as I used to do.

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-06-14 11:37:00	SM	sell	$18.180	short
2017-06-14 12:41:14	SM	buy	$17.710	short
2017-06-14 14:00:36	SM	buy	$17.320	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=5745458&end=20170714&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=5745458&end=20170614160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=5745458&end=20170614160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=SM&trade=5745458&end=20170614160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

SM Trade on Jun 14, 2017 11:37 from Emilie_BOWS: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax