TSLA Trade on Nov 22, 2013 11:44 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily selling volume has been indicative of institutional selling. Liked the short below 120, waited for intraday bear flag. Stop -.65 (Above MA's), Target +1 (intraday lows), +5 (daily support area), +9 (Daily 200MA. When up +.75, moved stop to B/E as friday's tends to be one of my worst trading days so taking smaller positions and looking to get to B/E stop as soon as possible.
LESSON: 118.75ish was some consol area, should have taken partial around +.50

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-22 11:44:24	TSLA	sell	$119.290	short
2013-11-22 12:12:27	TSLA	buy	$119.210	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=722981&end=20131222&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=722981&end=20131122160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=722981&end=20131122143227&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=TSLA&trade=722981&end=20131122130227&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

bjstrade9_BOWS

2013-11-25 22:35:09

This was way too extended, down 40% in last month. I bet the short interest was drying up on this. must be way oversold. Turn that trade around Mark, Tomorrow might be a run up, looks like some accumulation EOD

markmandy54_BOWS

2013-11-26 01:27:24

I'm not sure other then a dead cat bounce, you've got major institutional distribution days and price is below all moving averages except the 200MA, I see this going sub 100, may backtest 130ish first though. My entry however wasn't that great. I should have passed on this particular day. It's on my list though for that bounce to resistance which should coincide with the falling 20MA in the next week or so for the next short setup imo.

TSLA Trade on Nov 22, 2013 11:44 from markmandy54_BOWS: Tradervue User Stock Trades.

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