MUR Trade on Sep 3, 2013 10:02 from oly_BOWS: Tradervue User Stock Trades.

MUR gapped down hard and I tried taking the ORB short. The morning range had started out wide so I used a wider stop. Maybe I should prefer ORBs that are more boxy looking.

Entry: 58.23
Stop: 58.8
Target: 57.07

I didn't wait for it to stop out as the behavior was wrong pretty much from the entry on.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-09-03 10:02:24	MUR	sell	$58.230	short
2013-09-03 10:24:07	MUR	buy	$58.750	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=MUR&trade=582374&end=20131003&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=MUR&trade=582374&end=20130903124907&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-09-04 08:14:41

Nothing on the daily chart that says short. You have price support and ma's in the way. Better charts out there.

markmandy54_BOWS

2013-09-04 08:18:57

I see the daily, i see the breakdown below 58.30. Looked good to me, just didn't work out.

oly_BOWS

2013-09-04 18:49:58

Thanks guys - Nape, are you including the gap down in that comment on the daily? just want to make sure...

Nape_BOWS

2013-09-04 19:12:19

I totally miss read this one... I did not include the gap down. My mistake. This actually was not a bad attempt.

Nape_BOWS

2013-09-04 19:13:40

It was down so much already it was due for a SnapBack.

oly_BOWS

2013-09-04 20:31:34

Yeah I had that feeling. So daily was ok but down a dollar and not a tight range so no orb.

kunal00

2013-09-04 22:58:42

mmmm its worth a shot..i was looking at it too...

MUR Trade on Sep 3, 2013 10:02 from oly_BOWS: Tradervue User Stock Trades.

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