My first entry was too early. I think it was OK, considering that the early morning drop was so substantial. If the market was any weaker, it could've worked.
AFSI actually waited until it got to the 30-min chart's 9ema before failing.
My first entry was too early. I think it was OK, considering that the early morning drop was so substantial. If the market was any weaker, it could've worked.
AFSI actually waited until it got to the 30-min chart's 9ema before failing.
My first entry was too early. I think it was OK, considering that the early morning drop was so substantial. If the market was any weaker, it could've worked.
AFSI actually waited until it got to the 30-min chart's 9ema before failing.
My first entry was too early. I think it was OK, considering that the early morning drop was so substantial. If the market was any weaker, it could've worked.
AFSI actually waited until it got to the 30-min chart's 9ema before failing.
2/9: I most likely got too excited about seeing bear flags seeming to form on multiple time frames. But I saw no MA failures, no price failures, and no indication that price support would be breaking down. Type 4 trade for sure.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-12-17 10:35:23 | AFSI | sell | $32.910 | short |
2013-12-17 10:35:23 | AFSI | sell | $32.910 | short |
2013-12-17 10:58:56 | AFSI | buy | $32.940 | short |
2013-12-17 10:58:56 | AFSI | buy | $32.960 | 0 |
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Nice bounce to MA entry as that's the 1st target for reversion traders to exit. 32.50 was a role reversal intraday from earlier so should have been the target imo.
2nd short was the bomb!!!