Daily Setup: Continuation of earnings breakdown
Intraday Setup: Bear Flag/Triple Tap with MAs lowering overhead
Entry: $48.50 Target: $48.30 Stop: $48.60 r/r: 2:1
Detail: Shorted when stock bear flagged above previous triple tap low and the 9 and 20 EMA were converging down overhead. Covered 1/3 into first flush, and stopped out even with last 2/3.
Takeaway: Think I traded this well, just didn’t continue downwards as anticipated.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-11-04 11:05:35 | AIG | sell | $48.500 | short |
2013-11-04 11:34:45 | AIG | buy | $48.370 | short |
2013-11-04 12:02:11 | AIG | buy | $48.500 | 0 |
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To much price support on intraday chart from Friday to short.