OSTK Trade on Jan 24, 2018 09:41 from raulfjr17: Tradervue User Stock Trades.

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raulfjr17

 

This was another wrong entry. It crated a Bull flag on the 1-min and executed the trade based on a good volume red bar, also it was dipping below opening price. PAR SAR under, broke VWAP, broke 9 EMA. TRADE JUST DID NOT PAN OUT because of wrong entry.
The correct play: Was to draw the resistance level at 81.50 and notice that it was bouncing back down from here and this would have confirmed the short play I was looking for.
I have to remember that with the Higher price stocks you have to wait till a little later in the day (11am-12pm) for the consolidation.


Execution detail:

Date/time Symbol Side Price Position
2018-01-24 09:41:59 OSTK sell $79.750 short
2018-01-24 09:52:04 OSTK buy $80.450 0


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