Shared by
kt_mishra_BOWS
Had it on my watchlist for a rubber band snapback
First Entry: I didn't actually see a valid setup.
But it seemed to me like it was going to fall through, so I got in when it showed some distribution, and had some resemblance of a bear flag
First Exit: Stopped out
Second Entry: Bear flag and Pullback to 9EMA
Exit: Stopped out
Feedback:
My rubberband snapback plays have had very little success.
It seems like I haven't understood it properly as I hesitate to know when to enter.
What are the intraday setups it works on? Green2Red, Bear Flag etc.
Any feedback on this is appreciated. Thanks!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-21 10:02:37 | ALIM | sell | $7.110 | short |
| 2014-01-21 10:04:40 | ALIM | buy | $7.220 | short |
| 2014-01-21 10:05:57 | ALIM | buy | $7.240 | 0 |
| 2014-01-21 10:10:54 | ALIM | sell | $7.330 | short |
| 2014-01-21 10:46:26 | ALIM | buy | $7.530 | 0 |
Comments
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
This is a rubber band snapback play, but the play was at the open. You had the right idea just the wrong entry.
You needed to catch the flush at the open...http://screencast.com/t/Cye8L064