First of all...welcome back CARA!!!
This one found support at the 20 EMA, but it had started squeezing down for what I thought would be another collapse and bigger move to the downside.
My entry was the 2nd candle that broke the support, I still had MB telling me to short and it was getting tight so I was able to set a very manageable stop. So it was an anticipation play, waiting for it to fail the 20 EMA.
It fell below that a few more times but it was a fakeout and when MB got taken out against me, my stop got hit almost at the same time.
One thing, my setup had not confimed the short yet but I had 3 things telling me to short and the 1...my setup...telling me to wait. Hmmm, maybe my setup is all powerful lol.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2017-09-01 10:37:04 | CARA | sell | $13.530 | short |
2017-09-01 10:47:21 | CARA | buy | $13.620 | 0 |
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