Went Green to Red. I thought it was going to breakdown and flush to LoD but it didnt. My risk management was off, I should have had my stop tighter, especially with the range coiling up there, once it broke, it EXPLODED upward. The setup wasn't that great, I should have taken into account the 3 hammer candles before I shorted, and the volume on the early morning run up, this was just flag/correction before another move up.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 11:04:53 | YRCW | sell | $12.820 | short |
2013-12-17 11:04:59 | YRCW | sell | $12.820 | short |
2013-12-17 11:04:59 | YRCW | sell | $12.820 | short |
2013-12-17 11:05:17 | YRCW | sell | $12.830 | short |
2013-12-17 11:05:26 | YRCW | sell | $12.840 | short |
2013-12-17 11:34:39 | YRCW | buy | $13.080 | short |
2013-12-17 11:34:44 | YRCW | buy | $13.080 | short |
2013-12-17 11:34:44 | YRCW | buy | $13.090 | 0 |
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It is piercing through the bollinger band, but its a tricky play being between the sma's...http://screencast.com/t/1A0rIV49F72p