ORMP Trade on Dec 20, 2013 10:50 from iStryker_BOWS: Tradervue User Stock Trades.

Kunal called it out, this looks like a short, I agreed, I watched, wait for it to tap the 9ema (5min), I waited a little longer. Apond the first tap my stop would've been 12.60. When I entry it was the top wick of the previous candle @ 12.22

Short 1k @ 11.98. Stop 12.22. Max Lost $240.

Cover last half @ 11.15. I wanted to keep holding it, as there was no reason to sell, but I was done for the day. (my next 1/4 target was 11.00)

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-12-20 10:50:52	ORMP	sell	$11.980	short
2013-12-20 10:56:32	ORMP	buy	$11.360	short
2013-12-20 11:57:03	ORMP	buy	$11.150	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=753751&end=20140119&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=753751&end=20131220160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=753751&end=20131220140703&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=ORMP&trade=753751&end=20131220120503&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-12-20 19:50:17

Good short, trade management could have been better though.

markmandy54_BOWS

2013-12-20 23:17:39

Great entry and covers. Just rode down those EMA's all day.

iStryker_BOWS

2013-12-21 01:09:53

Nape as I said, I was [trying] to leave for the day, so I closed all my position, else I would've not sold, and probably re-add on the next 9ema tap

ORMP Trade on Dec 20, 2013 10:50 from iStryker_BOWS: Tradervue User Stock Trades.

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