Shared by
JGreen1050
Reason for taking the trade:
-Noticed the stochastic fast was curling downward
-very close to VWAP anticipated a rejection
Reason it went wrong:
-Did not look at 5min chart
-5Min looked very different I would not have taken it if i noticed.
-all moving averages crossed upward
-Macd lines parallel.
Exit:
-I exited the trade due to the MACD histogram went to the next green bar instead of downward.
-$13 loss
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2017-10-03 09:59:41 | LEN | sell | $54.430 | short |
| 2017-10-03 10:00:50 | LEN | buy | $54.560 | 0 |
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