from BOWS watchlist
loose pullback, I was expecting 17.22ish support from morning highs. There was an earlier pullback but that was below the previous days open and I didn't feel the daily chart supported trading it.
stop: 17.19
It had a big down candle soon after but with no volume - looks like there was volume on the chart but that was a single 50k order that hit right at the end of the candle - left stop where it was, a penny below there
didn't like the action later so closed it out
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-07 11:49:25 | SAPE | buy | $17.260 | long |
2014-01-07 12:38:45 | SAPE | sell | $17.240 | 0 |
Nice bail out when it wasn't working. End of the day you're only out $6...
It was pretty sloppy on that 5 minute chart though.
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