Simulator trade
this is two trades, first an ORB, followed by a quick pullback
This is a PR play with a gap up on a recent IPO that have been running up over 200%. The daily made a pullback and bounce off the 9EMA and then gapped again. So long setups are aligned on the daily.
First ORB
The intraday spike up followed by three retracing candles did seem to be building an ORB range, while the "height" of the mini flag may be a bit wide, and its not that tight, it looked good enough to hit.
The candle seemed to break the range so I entered but it retraced immediately for a stop out.Maybe I didnt wait for enough confirmation and teh slope down was too steep - that may indicate ORB was not on and to wait for a pullback...which did appear to happen next
Price retraced to the 20, held green over the 9, broke the vwap and the TL, so i hit it again
Same result stopped out
the daily looked like a continuation. It didn't happen
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-06-27 09:54:00 | CLPS | buy | $14.550 | long |
2018-06-27 09:56:00 | CLPS | sell | $14.100 | 0 |
2018-06-27 10:05:30 | CLPS | buy | $14.480 | long |
2018-06-27 10:25:00 | CLPS | sell | $13.950 | 0 |
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