Trending down all day. Took the short for the large reward to risk ratio.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-12 14:36:00 | LL | sell | $90.810 | short |
2013-12-12 14:42:00 | LL | buy | $90.680 | short |
2013-12-12 15:09:00 | LL | buy | $90.440 | short |
2013-12-12 15:15:00 | LL | buy | $90.210 | short |
2013-12-12 15:35:00 | LL | buy | $90.460 | 0 |
@tomr I don't see the standard BOWS short setup either, but I would've played this. The stock had a so-so bear-flag. It was making lower highs and lower lows. Like to pop over the 9ema then fail. BUT the main reason, is it had a hard time breaking over 91 again. The risk reward was insane. 9cent vs 70 cent.
Very nice trade! I think your first sell was a little conservative. I would've been looking for 90.50-90.55.
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Don't see a setup for ur entry, but nice exits.